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Overview

Bank of China provides $30 million USD loan for Club Quarters, World Trade Center for unspecified purposes

Commitments (Constant USD, 2023)$31,385,951
Commitment Year•2015Country of Activity•United StatesDirect Recipient Country of Incorporation•United StatesSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Mar 1, 2015

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The Club Quarters, World Trade Center is a hotel located at 140 Washington St, New York, NY 10006. More detailed location information can be found here: https://www.openstreetmap.org/way/278033586

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Private Sector

  • Unspecified Entity for Club Quarters, World Trade Center project in the United States

Loan description

Bank of China provides $30 million USD loan for Club Quarters, World Trade Center for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

In March 2015, Bank of China (BOC) provided a $30 million USD loan to an unspecified borrower for Club Quarters, World Trade Center, a hotel in Manhattan, New York City, New York for unspecified purposes.

Staff comments

1. There is very little information about this loan available. It is unclear whether this loan was used to refinance or acquire the property. It is also unclear whether the borrower was the owner of the hotel or the owner of the property. This issue merits further investigation.