Wang Jianlin has lost more nearly US$30 million from a deal signed in Spain three years ago. Wanda Hotel Development Co. Ltd. recently announced it had sold its stake in Plaza de Espana 19 Development SLU to Spanish property company Baraka Global Invest SLU. Plaza de Espana previously consisted of a luxury hotel, a business center and a number of apartments. It was empty until Wanda took control about three years ago. Wanda had planned to restore the Plaza to its former glory with a 200-room luxury hotel, high-end sales spaces and 300 apartments, but unfortunately, his plans never went through.