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Mr. Sitt, chief executive of Thor Equities, plans to develop hotels and stores on his remaining 5.6 acres.
There are also plans to develop hotels and resorts further down Myanmar's wild and sparsely populated southern coast, which extends 500 kilometers, or about 300 miles, south.
The union recently persuaded the Bloomberg administration to create a special permit requiring City Council approval to develop hotels in manufacturing districts.
"Dubai is trying to develop hotels and other structures that are, let's say, attention getting," said Peter R. Voll, a travel consultant in Redwood City, Calif., who takes university and museum groups to the Middle East.
This builds on a 2005 joint venture to develop hotels in South Africa, Kenya, Ethiopia, Sierra Leone and Mali – creating 1,500 permanent jobs, 40% of them for women.
Although Mr. Trump has not managed to develop hotels in Russia despite attempts over the years, and has disclosed no active business ventures there, his intellectual property holdings are a valuable commercial interest.
Similar(51)
A company executive said Kerkorian may develop hotel-casino properties under the name, but the agreement bars any Nevada hotel-casinos for three years.
Among Mr. Lieber's top stock picks are the luxury hotel developers Banyan Tree Holdings of Singapore, which manages and develops hotels in the Asia-Pacific region, and Orient-Express Hotels, which runs a global chain of high-end boutique hotels.
They are named after two Mozambique islands where he was developing hotels and holiday homes.
"Arthur is part of that," said Mr. Schrager, who now develops hotels and other properties.
A casino -- it would be the city's 13th -- is also "an option," said R. Donahue Peebles, who has developed hotels and condominiums in Miami Beach and other projects in Washington.
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