In what looks to be a strategic move to eventually take over the project, Hollywood developer CIM Group is close to purchasing the debt on the newly constructed Trump Soho in New York, according to an anonymous source quoted in the Wall Street Journal. Our bloggy brother in New York has long been following the "discounts, refunds, and international hooker rings" at the troubled Soho condo-hotel, and if indeed CIM Group and Trump go to battle for this hotel, this would undoubtedly be the greatest match-up since Alien Vs. Predator. [WSJ/Curbed NY]
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