Trump Organization sues Saudi prince for $1.8M in unpaid rent

Company seeks north of $3.7M from the member of Saudi Arabia's ruling family

TRD New York /
Feb.February 16, 2018 06:21 PM

Penthouse 21 at Trump Park Avenue (502 Park Avenue) (Credit: StreetEasy)

The Trump Organization sued Prince Faisal Bin Abdul Majeed Bin Abdul Aziz Al Saud in a Manhattan court for allegedly not paying more than $1.8 million in rent at his Trump Park Avenue penthouse.

In the six-page complaint, an LLC under the umbrella of President Donald Trump’s namesake company alleges the prince stopped paying rent in January 2017 on a lease that runs through June of 2019. The unpaid bill comes to $1.8 million and the Trump Organization is seeking more than $3.7 million to account for the remaining future rent on the lease. The company also seeks damages in an amount to be determined by the court.

A Trump Organization spokesperson did not immediately return a request seeking comment.

A short biography of Prince Faisal on the website of the Arab Thought Foundation describes him as a businessman. He has also been an honorary chairman of the German-Arab Association.

Since taking office last year and handing control of the Trump Organization to his two oldest sons, Trump has frequently commented on the U.S.’s relationship with the Saudi crown and visited Saudi Arabia on his first foreign trip as president. He initially appeared to support a Saudi blockade of Qatar last year and has used Twitter to encourage the country to commence a public offering of a key oil company on the New York Stock Exchange. Last year, the president also indicated support for Crown Prince Mohammed bin Salman’s round-up of dozens of Saudi royals and officials in what the prince characterized as an anti-corruption crackdown.

Related Articles

Mayor Bill de Blasio, 40 Wall Street, and President Donald Trump (Credit: Getty Images, 40 Wall St. via the Trump Organization)

Trump Org blasts mayor for criminal referral of tax findings

Clockwise from left: 1290 Sixth Avenue, 40 Wall Street, President Donald Trump, Trump National Doral in Miami and Trump International Hotel in Washington, DC (Credit: Getty Images, Vornado, Wikipedia)

Trump Org’s office holdings help offset hotel losses: analysis

Trump Tower at 725 5th Avenue and Donald Trump (Credit: Getty Images)

Trump Tower occupancy rates depended on who asked

Donald Trump and Dean & Deluca's Soho location (Credit: Getty Images, iStock)

Trump Organization sues Dean & DeLuca over rent defaults

Trump International Hotel in Washington D.C. and President Donald Trump (Credit: Getty Images, iStock)

Trump Organization might sell its controversial Washington D.C. hotel

It’s not just Chinese buyers retreating from NYC’s condo market

It’s not just Chinese buyers retreating from NYC’s condo market

Trump Org sells off Beverly Hills home

Trump Org sells off Beverly Hills home

Donald Trump in 1987 (Credit: Getty Images)

Trump posted more than $1B in losses from 1985 to 1994: report