Kushner Cos. drops out of deal to buy a hotel from the Jehovah’s Witnesses

Kushner Cos. drops out of deal to buy a hotel from the Jehovah’s Witnesses

The Kushner Cos. dropped out of a deal to buy a DUMBO residential hotel from the Jehovah’s Witnesses.

The company, which was headed by Jared Kushner until he stepped away to serve as senior adviser to his father-in-law, President Donald Trump, and its investment partners agreed in 2013 to purchase 90 Sands St. as part of a package of Watchtower properties.

The plan was for the Jehovah’s Witnesses to continue to use the hotel until 2017, then close on its sale.

http://www.brooklyneagle.com/articles/2017/9/7/kushner-cos-drops-out-deal-buy-hotel-jehovahs-witnesses