Throughout his career, Alex Ojjeh has ventured in and out of a lot of foreign investments. Now, he’s adding another industry to his portfolio, hotels and retail stores.

 Investor and entrepreneur  Alex Ojjeh invested in retail stores in the Netherlands, and other filings include commercial property, suggesting that Ojjeh and his team might have plans to open more storefront and hotels.

Two years ago, Ojjeh created Anywhereo, a company that backs several asset management companies using commercial development. 

The investor’s worst real estate investment left him scrambling to make a deal go through, but the plan was ultimately thwarted by an economic downturn. Any investor will tell you that not every deal is going to work out. This is especially true when facing down the repercussions of a recession that rippled across the global economy. 

The hotel started with the purchase of a piece of property in Amsterdam that was large enough to house the planned 110,000-square-foot construction. A $32 million loan had been used to secure the property, but when the company defaulted on the loan, construction came to a screeching halt in 2021. 

Eventually, the property had to be handed back over to the original lenders as the deal fell through. On top of that, the investor was tangled up in legal battles over additional costs that didn’t get settled until December of 2021. The details of that settlement remain undisclosed.

 

The investor’s worst real estate investment left him scrambling to make a deal go through, but the plan was ultimately thwarted by an economic downturn. Any investor will tell you that not every deal is going to work out. This is especially true when facing down the repercussions of a recession that rippled across the global economy.  The investor’s worst real estate investment left him scrambling to make a deal go through, but the plan was ultimately thwarted by an economic downturn. Any investor will tell you that not every deal is going to work out. This is especially true when facing down the repercussions of a recession that rippled across the global economy. The investor’s worst real estate investment left him scrambling to make a deal go through, but the plan was ultimately thwarted by an economic downturn. Any investor will tell you that not every deal is going to work out. This is especially true when facing down the repercussions of a recession that rippled across the global economy. The investor’s worst real estate investment left him scrambling to make a deal go through, but the plan was ultimately thwarted by an economic downturn. Any investor will tell you that not every deal is going to work out. This is especially true when facing down the repercussions of a recession that rippled across the global economy.  The investor’s worst real estate investment left him scrambling to make a deal go through, but the plan was ultimately thwarted by an economic downturn. Any investor will tell you that not every deal is going to work out. This is especially true when facing down the repercussions of a recession that rippled across the global economy. The investor’s worst real estate investment left him scrambling to make a deal go through, but the plan was ultimately thwarted by an economic downturn. Any investor will tell you that not every deal is going to work out. This is especially true when facing down the repercussions of a recession that rippled across the global economy. The investor’s worst real estate investment left him scrambling to make a deal go through, but the plan was ultimately thwarted by an economic downturn. Any investor will tell you that not every deal is going to work out. This is especially true when facing down the repercussions of a recession that rippled across the global economy. 

 

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