They never thought she would lose
China’s HNA Group sells Manhattan building near Trump Tower amid national security concerns
HNA Group sold a building in Manhattan to help ease the embattled conglomerate’s debts and stave off US concerns about a Chinese company owning property near Trump Tower.
HNA completed the sale, the group said in a statement, without providing details.
Bisnow reported earlier that investor and real estate developer Jacob Chetrit and his sons bought the tower in a US$422 million transaction that resulted in a loss for HNA.
The Chinese company, which bought the tower for US$463 million with its partners before Donald Trump became president, had been trying to sell the property since at least early 2018.
https://www.scmp.com/business/china-business/article/2181444/chinas-hna-group-sells-manhattan-building-near-trump-tower