A June 2019 appraisal ordered by Vasco Ventures, the Brooklyn group that tried unsuccessfully to purchase the HNA Training Center in Palisades in 2019 from its Chinese owner, reported that the 106-acre Town of Orangetown property’s “as is” value was worth between $18 and $20 million as a hotel/conference center.
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The Brooklyn group under contract to purchase the HNA Training Center in Palisades from the Chinese-owned property has been given more time to close on a deal that stalled last month
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The Brooklyn group that is under contract to purchase the HNA Training Center in Palisades from the Chinese-owned property, has defaulted on its contract and is seeking relief in the bankruptcy court to buy itself 60 additional days to find the funds to close.
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HNA Center of Palisades has filed a petition in Rockland County Court challenging its tax assessment, alleging the property’s assessment is grossly excessive, and therefore illegal.
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The firm behind the recent purchase of the Hudson Valley Resort in Kerhonkson is said to be interested in purchasing the HNA Center on Route 9W in Palisades.
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