Kushner’s $16M Lower East Side hotel deal hits snag

Kushner Companies’ $15.7 million purchase of the Hotel on
Rivington is on the rocks, according to documents filed in New York
Supreme Court Tuesday morning. Kushner Companies is demanding that
sellers Paul and Rena Stallings give back the $2.2 million deposit
on Hotel on Rivington because of an alleged breach of the purchase
agreement. A company spokesperson stated that Kushner Companies is
under contract and has not closed due to the seller’s inability
to fulfill […]

Source: FS – All – Real Estate News 2
Kushner’s M Lower East Side hotel deal hits snag