Jared Kushner’s private equity firm, Affinity Partners, dropped its plans for a hotel in Serbia, after tensions around the project culminated in the indictment of a government official who helped clear a path for its development.
The decision caps months of controversy over Affinity’s bid to construct a Trump-branded luxury hotel on the ruins of a former government building in Belgrade. Serbia’s minister of culture, Nikola Selakovic, and three others were indicted Monday, according to a statement by the public prosecutor’s office.
“Our vision for the Belgrade project was to offer an elegant, uplifting design that honored ...
