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Chinese Company Buys Dolce Palisades Conference Center

HNA has purchased the Dolce Palisades Conference Center.
HNA has purchased the Dolce Palisades Conference Center. Photo Credit: Google Maps

PALISADES, N.Y. -- A Chinese company best-known for the airline it owns has purchased the Dolce Palisades Conference Center for nearly $60 million, according to lohud.com.

HNA, owner of Hainan Airlines, has purchased the 450,000-square-foot center, which was formerly owned by IBM, according to lohud.com, which cited the final purchase price at $59.6 million.

Also included in the deal are the 106 acres that are home to the conference center at 334 Route 9W, according to lohud.com.

According to lohud.com, the sale represents the most expensive real estate deal of a single property so far this year, breaking the $32 million sale of Minisceongo Golf Club in January.

Click here for the lohud.com report .

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