Manhattan Hotel Once Linked to 1MDB Scandal Sells to Qataris

A Manhattan hotel once caught up in the 1MDB scandal was sold to Qatar’s sovereign wealth fund after spending years on the market.

The Qatar Investment Authority has paid nearly $623 million for the Park Lane Hotel on Central Park South, city property records show.

Low Taek Jho, the financier also known as Jho Low, had been part of a group that owned the 46-story property. He was convicted last year on US corruption charges for stealing billions of dollars from the Malaysian investment fund 1MDB.

The US Justice Department had sought to seize the hotel as part of ...