Cain International Nears Deal for Former Trump SoHo Hotel

Cain International is nearing a deal to acquire the Manhattan hotel once known as the Trump SoHo as part of the firm’s push into luxury real estate.

Cain is expected to pay seller CIM Group more than $175 million, according to people familiar with the negotiations. Cain plans to reposition the property, which is currently known as the Dominick Hotel, said one of the people, who asked not to be named discussing a private matter.