The hotels are located in New York City, San Francisco and Los Angeles and other U.S. cities, Mirae Asset Global Investments, an asset management arm of Mirae Asset Group, said in a statement.

"The size of the deal is about $5.8 billion and the deal is expected to be closed by end of January next year," a source with direct knowledge of the deal told Reuters.

(Reporting by Heekyong Yang and Ju-min Park; editing by Darren Schuettler)