Mikhail Khodorkovsky, the former Yukos oil company head, has significant investments in real estate through his company, Quadrum, which spans across the United States and Europe. The Quadrum group, estimated to control assets worth around $2 billion globally, has been involved in various real estate projects, including hotels, apartment complexes, and mixed-use developments. Notably, Quadrum has invested approximately $632 million in 17 properties in the U.S., with a focus on transforming old industrial buildings into residential spaces. This includes high-profile projects in cities like New York and Chicago, highlighting the scale of Khodorkovsky's investment strategy. Despite the complexities of ownership and potential legal challenges, Khodorkovsky's business model continues to thrive, leveraging old properties to generate wealth while navigating the international legal landscape surrounding his assets.
- Quadrum's business approach involves purchasing underperforming properties, renovating them, and then either selling or leasing them for profit. This strategy has led to the acquisition of numerous hotels, particularly in Chicago and New York, where the company has built a notable portfolio. For instance, the Essex Inn and Arlo Chicago hotel are among the successful transformations that have contributed to Quadrum's reputation as a significant player in the U.S. real estate market. The company has also ventured into senior living facilities, such as Amavida in Florida, which caters to affluent retirees, showcasing the diverse nature of its investment portfolio. Khodorkovsky's involvement in Quadrum has raised questions about the legality and ethics of his investments, particularly given his controversial past and the ongoing scrutiny of his financial dealings.
