HNA Group Hires Crescent Hotels & Resorts to Manage Palisades Conference Center

PALISADES, NY—HNA Group has acquired the International Business Machines’ (IBM) 106-acre, 450,000-sq.-ft. Palisades Conference Center, located 20 miles north of Manhattan, as a resource and training center for HNA Group’s global executive team. The conference center will now be known as the HNA Palisades Premier Conference Center.

HNA has retained Crescent Hotels & Resorts to manage the property on its behalf.

The conference center property is located at 334 Rt. 9W. Terms of the transaction were not disclosed.

HNA Group is a global multinational with interests in airport services, transportation, real estate, financial services, leasing, tourism, hotels and logistics. 

IBM plans to maintain a presence at the property, according to HNA. The Palisades Conference Center provides financial institutions, universities and services organizations with training and education facilities, as well as hosting customer events.