A replica of Bayrock/Sapir’s Trump Soho hotel may be Moscow’s first big new hotel in ten years.
Alex Sapir and Rotem Rosen of the Sapir Organization, co-developers on the Soho hotel at 246 Spring Street, met with Russian developer Aras Agalarov and Donald Trump over the weekend to discuss plans for the new project — Trump’s first in Russia.
“The Russian market is attracted to me,” Trump told Real Estate Weekly. “I have a great relationship with many Russians, and almost all of the oligarchs were in the room.”
Trump told REW that he is in talks with Agalarov and three other groups, and that there is no rush on a timeline for the project. He also did not disclose the hotel’s planned height or square footage, saying only that “it has to be a large development, big enough to justify the travel.”