Former Trump Soho hotel hit with tax lien from city

Now called the Dominick, the hotel no longer has ties to the president

TRD New York /
Apr.April 04, 2019 11:00 AM
The Dominick at 246 Spring Street (Credit: Google Maps)

The Dominick at 246 Spring Street (Credit: Google Maps)

They may have dropped the name, but the owners of the Dominick can’t seem to shake the Trump legacy.

The hotel formerly known as Trump Soho Hotel Condominium has been issued with a tax warrant for $35,193, according to Crain’s. CIM Group’s hotel was rebranded as the Dominick in November 2017, after ending a licensing agreement with the Trump Organization.

The original project at 246 Spring Street was a collaboration between the Trump Organization and developers Tamir Sapir and the Bayrock Group, led by Russian-American Felix Sater, who sought to develop a Trump Tower in Moscow with the Trump Organization.

Plans for Trump Soho were first released on “The Apprentice” in 2006.

In 2011, buyers at the building filed a federal lawsuit against the Bayrock and the Sapir Organization alleging they misrepresented sales figures. The developers settled the suit, refunding the buyers 90 percent of their deposits.

Manhattan District Attorney Cyrus Vance’s office also investigated whether Ivanka Trump and Donald Trump, Jr., had made false claims to potential buyers about the sale of condos at the site, according to a 2017 joint investigation by WNYC, the New Yorker and ProPublica.

The hotel’s current owners, the CIM Group took over after foreclosure proceedings in 2014. They purchased the management and license agreements from the Trump Organization in 2017 for at least $6 million, although the exact breakup fee was not disclosed. In February, it was reported that CIM was considering selling the hotel. [Crain’s] —Decca Muldowney

 

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