Grand Mercure Yongsan is a high-end residence hotel and one of the four hotel brands within SDC (Seoul Dragon City). It is directly connected to Yongsan Station (Line 1, Gyeongui–Jungang Line, KTX, etc.), offering excellent public transportation accessibility. In addition, convenient access to major hubs across Seoul is supported by nearby stations such as Sinyongsan Station (Line 4) and Hyochang Park Station (Airport Railroad, Line 6). With ongoing developments including the Yongsan International Business District and the redevelopment of Yongsan Electronics Market, the asset’s surrounding demand base—across office, retail, and residential sectors—is expected to expand significantly. A master lease agreement has been entered into with Seobu T&D, which possesses strong capabilities in hotel development and operations. Rental income for Grand Mercure Yongsan is paid to the REIT by Seobu T&D, consisting of a minimum guaranteed rent, percentage rent, and a CPI-linked minimum guaranteed rent.