Manhattan Hotel Once Linked to 1MDB Scandal Sells to Qataris
- Sovereign wealth fund pays about $623 million for Park Lane
- Jho Low had been part of a group that owned the property
The Park Lane Hotel
Source: Park Lane Hotel/PRNewswire
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A Manhattan hotel once caught up in the 1MDB scandal was sold to Qatar’s sovereign wealth fund after spending years on the market.
The Qatar Investment Authority has paid nearly $623 million for the Park Lane Hotel on Central Park South, city property records show.