Jared Kushner’s Luxury Dreams Collide With Balkan Politics
His firm pulled out of a planned luxury hotel in Serbia after anti-government protests, while a resort in Albania is being overshadowed by local scandals.
A tourist boat heads to Sazan Island, where Jared Kushner plans a luxury resort and marina.
Photographer: Atdhe Mulla/BloombergJared Kushner’s splashy projects in the Balkans are colliding with the realities of doing business in the region.
Affinity Partners, the private equity fund owned by Donald Trump’s son-in-law, this week dropped plans for a luxury hotel in Serbia because of political tension around the project. In Albania, a proposal to transform a secluded island in the Adriatic is going ahead, though the country is mired in a string of corruption scandals that threaten to undermine the government.