Nine Tree Hotel Dongdaemun is a three-star hotel asset located in Jung-gu, Seoul. It offers excellent transportation accessibility, situated approximately a six-minute walk from Dongdaemun History & Culture Park Station (Lines 2, 4, and 5) and Euljiro 4-ga Station (Lines 2 and 5). The hotel is well-positioned to capture tourist demand, given its proximity to Dongdaemun Fashion Town and Dongdaemun Design Plaza (DDP), key destinations for shopping and cultural activities. In addition, nearby business districts such as Euljiro and Gwanghwamun support steady demand from business travelers. The tenant of the asset is Parnas Hotel, a specialized hotel operator that owns and operates Grand InterContinental Seoul Parnas, with a lease term extending through January 2040. Rental income for Nine Tree Hotel Dongdaemun is paid to the REIT by Parnas Hotel, consisting of a minimum guaranteed rent and percentage rent.