Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Trump, Kushner end hotel partnership; Kushner Looks to Invest $2 Billion in Hospitality Business

Kushner Looks to Invest $2B in Hospitality Sector

The New York Times reported that Kushner companies cut ties with Trump Organization in the hotel business in NJ. The partnership between the president and his son-in-law attracted public scrutiny from ethics watchdogs two months ago. Kushner owns two hotels in New Jersey one on the Jersey Shore and the other in Livingston.

Kushner’s head of hospitality, Will Obeid told Commercial Observer that the company is now looking to build a portfolio of a couple billion dollars of hospitality assets over the next several years.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

“We are pursuing resort markets, we’re pursuing convention center hotels, we’re pursuing urban hotels,” Obeid said. “These are full-service hotels.”

In November 2017 Kushner companies established a hotel division. Since then, Kushner acquired the 24-room oceanfront boutique Hotel Bungalow in Long Branch for $9 million. The hotel is adjacent to Pier Village, which Kushner co-owns with Extell Development.

Kushner also developing two hotels in Pier Village.

“Certainly there is ample demand within Long Branch and Jersey City for all of these hospitality concepts within Pier Village,” Obeid told CO.




You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.