For Ukraine oligarch Ihor Kolomoisky, the Westin hotel in Cleveland that he owns with partners became the center of the most powerful Republican gathering in the nation during the 2016 convention.
Then-candidate Donald Trump set up his headquarters in the downtown luxury hotel. His family members and top advisers stayed in the penthouse presidential suite.
In the lobby that showcases modern, eclectic art, the future president met with a crush of reporters the morning after he delivered his acceptance speech at the convention, gushing over the local hospitality.
“The lobby of the Westin Hotel is a palace for insiders,” wrote the Washington Post.
Five years later, the 484-room facility with waterfront views is the target of a legal battle that pits the hotel owners against lenders over control of one of the last vestiges of the Ukraine power broker’s U.S. real estate empire.
The hotel is part of a portfolio — including iconic skyscrapers in Cleveland — that collapsed amid a series of stunning failures and a federal investigation of allegations that the oligarch and others stole hundreds of millions of dollars from Ukraine’s largest bank and then secretly plowed the money into U.S. real estate, including the four-star hotel.
The Pittsburgh Post-Gazette has chronicled Mr. Kolomoisky’s foray into the U.S. steel industry and his purchases of factories from New York to Texas — most of the facilities bought with money embezzled from Ukraine’s largest financial institution, U.S....
Read Full Story: https://www.post-gazette.com/news/crime-courts/2021/12/26/ukraine-oligarch-ihor-kolomoisky-cleveland-property-optima-investigation/stories/202112220147
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