It looks as if the US government has beaten Chinese developer Greenland Group to a 41 percent stake in Park Lane Hotel, following the Shanghai-based company’s quiet retreat from a Manhattan acquisition it first announced in May of this year.
Greenland NYC Deal Tied to Key Figure in Malaysia’s 1MDB Scandal
The latest New York deal by China’s Greenland Group took a new twist last week when it was revealed that the mainland mega-developer bought its 41 percent stake in Manhattan’s Park Lane Hotel from Jynwel Capital, a company controlled by… Read More>>