Deals
Former Trump SoHo Hotel May Be Sold
- LA-based CIM Group took control through a foreclosure in 2014
- Luxury NYC property was renamed when Trump became president
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CIM Group, the Los Angeles-based real estate investor, is weighing a sale of the downtown New York hotel once known as the Trump SoHo, according to people familiar with the matter.
CIM is working with an adviser, which contacted potential suitors for the 46-story hotel, now known as the Dominick, said the people, who asked not to be identified because the matter is private. CIM spokesman Bill Mendel declined to comment.