Duo Zhang

Quanjude

Owner

No. 217,Xiheyan, Qianmen Xicheng District Beijing, 100051 China

3 E 52nd St New York, NY 10022

LinkedIn

Quanjude portfolio

$2.7 million* – mixed-use 100%; Manhattan 100%, Bronx 0%

4920th largest portfolio by dollar value

5,380 sqft – mixed-use 100%;

6204th largest by SF

Notes

Quanjude is owned by the publicly traded Beijing Tourism Group, owned by the Chinese government. It trades under (600258) “BTG Hotels (Group) Co., Ltd.” “For example, Beijing Tourism Group Co., Ltd. was established in 1998 and was renamed in September 2000 as Beijing Capital Tourism Group Co. Ltd. (referred to as BTG). It is a large conglomerate approved by Beijing Municipal People’s Government, owning the authorization of establishment and the management of state-owned assets.”https://ivypanda.com/essays/chinese-tourism-enterprises-and-conglomerating/ https://www.wta-web.org/eng/members/list/beijing-tourism-group

Person Activity past 24 months:

Buyer signatory: 1 for $14.3 million

Borrower signatory: 1 for $7.5 million

Top Ten Associated Companies:

Bank of Montreal (1), Philippe Masson (1)

Top Ten Associated People:

Philippe Masson (1)

Recent activity as company:

Duo Zhang borrowed $7.5 million from Bank of Montreal for 3 East 52nd Street, Midtown East, Manhattan on November 04, 2024.

Philippe Masson sold 3 East 52nd Street, Midtown East, Manhattan for $14.3 million to Quanjude on November 04, 2024.

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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