Paradise Confirms Interest in Maison Glad Jeju Hotel Investment, No Decision Yet
Paradise has signalled interest in the Jeju hotel but has made no binding decision yet.
Key Takeaways
- Paradise Co Ltd confirmed on 9 November 2026 it is considering participation in an investment tied to Maison Glad Jeju but has made no decision.
- Maison Glad Jeju has about 510 rooms and was extensively refurbished in 2019.
- An earlier 2024 discussion valued the hotel at approximately KRW605 billion (US$405.3 million).
- Paradise is reported to be working with Koramco Asset Management and targeting completion before the end of 2026.
- Paradise expanded its Incheon hotel capacity in January 2026 with a KRW210.0-billion acquisition, raising Paradise City rooms to 1,270.
Paradise Co Ltd has confirmed it is considering participation in an investment related to the proposed acquisition of Maison Glad Jeju, and said on Monday that no decision has been made on the acquisition or on any transaction terms. The disclosure was made in a regulatory filing on 9 November 2026 in response to a report by Asia Today about DL Group's difficulties selling its Glad hotel assets.
Deal status and regulatory disclosure
Paradise Co Ltd said it will issue a further disclosure once specific details have been decided, or within one month of the filing. The company did not state proposed pricing or the size of any stake. South Korean brokerage KB Securities had flagged the potential investment in May 2026, suggesting the hotel could generate synergies with Paradise's casino operations on Jeju.
Asset details and proximity to casino operations
Maison Glad Jeju has approximately 510 rooms and underwent extensive refurbishment in 2019. The property lies about 15 minutes by road from Paradise Casino Jeju, the foreigner-only gaming venue operated by Paradise Co. Earlier acquisition discussions in 2024 had placed a valuation on the hotel at approximately KRW605 billion (US$405.3 million), according to the May brokerage commentary.
Partners, timeline and prior steps
The Bell reported in September 2026 that Paradise Group and DL Group had extended a memorandum of understanding signed in April 2026 as negotiations over pricing and other terms continued. Paradise Co has been reported to be working with Koramco Asset Management on the potential transaction, with the parties targeting completion before the end of 2026.
Paradise operates four foreigner-only casinos in South Korea: Paradise Casino Jeju, Paradise Walkerhill Casino in Seoul, Paradise Casino Busan, and the casino at Paradise City in Incheon. The company has also been expanding hotel capacity in Incheon. In January 2026 Paradise completed a KRW210.0-billion acquisition of the West Wing of the Grand Hyatt Incheon, adjacent to Paradise City, in partnership with Sega Sammy Holdings Inc. That acquisition, rebranded Hyatt Regency Incheon Paradise City, increased available rooms at Paradise City by 65.1 percent, to 1,270 rooms.
Next steps
Paradise's regulatory filing restricts comment until details are finalised; the company will update the market within the one-month window specified, or earlier if terms are agreed. For context on the operator's casino footprint see Paradise Casino Jeju and its integrated-resort operations at Paradise City.
Frequently Asked Questions
Has Paradise Co Ltd decided to acquire Maison Glad Jeju?
Paradise Co Ltd has not decided to acquire Maison Glad Jeju. The company said in a regulatory filing on 9 November 2026 that no decision had been made on the acquisition or on terms of any potential transaction and that it would disclose further details once decided or within one month.
What is Maison Glad Jeju's capacity and recent refurbishment history?
Maison Glad Jeju has approximately 510 rooms and underwent extensive refurbishment in 2019. That figure and the refurbishment were cited in reporting referenced by Paradise and by brokerage commentary in May 2026.
What valuation has been associated with Maison Glad Jeju in prior talks?
An earlier acquisition discussion in 2024 valued Maison Glad Jeju at about KRW605 billion, equivalent to US$405.3 million according to the May 2026 brokerage commentary.
Who are the reported partners and what is the target timeline for completion?
Paradise Co was reported to be working with Koramco Asset Management on the potential transaction, and parties were targeting completion before the end of 2026, per a report from The Bell in September 2026.
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About the author
Marcus Webb
Industry Deals Correspondent
Marcus Webb covers the deal flow of the gambling industry — operator strategy, M&A, market entries, and product launches from sportsbook rebrands to full platform migrations. The reports name the companies, valuations, and jurisdictions exactly as disclosed and separate the announcement from its market impact. When a group consolidates a brand or a challenger launches into a new state, Marcus Webb explains who gains, who pays, and what closes next quarter.
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