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The Venture Codex

The Hyoosik

162-7, Donggyo-ro, Seoul, Mapo-gu, 04031, South Korea

Overview

더휴식 operates the small-to-medium hotel brand '아늑', targeting undervalued hotels for rebranding and outsourced operations. The company has operated a cumulative 170 hotels and has expanded to operate 3-star tourist hotels of global brands. It runs subsidiaries for hotel operation support, interior construction, and IT solution supply; its unmanned central-control IT solution has been supplied to about 1,110 hotels. The construction subsidiary recently obtained a general construction license, broadening the company's service scope. On a consolidated basis last year 더휴식 reported revenue of ₩55.4 billion and operating profit of ₩5.1 billion. TS인베스트먼트 indicated its investment will accelerate execution of the company's strategy and vision alongside co-CEOs Shin Hyun-wook and Kim Jun-ha.

Total raised
$12M
Funding rounds
1
Latest round
Series B
Latest activity
Jul 2024

Industries

  • Property Management
  • Real Estate
  • Rental Property
  • Residential
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Recent funding

  1. Series B

    Jul 2024

    $12M

Team

No current team members are available.