Kushners, Trumps end hotel collaboration

Kushner Companies canceled management arrangements with Trump Org at two New Jersey properties

TRD New York /
Jun.June 22, 2018 04:35 PM

Donald Trump Jr., Charlie Kushner, and a rendering of Pier Village in New Jersey (Credit: Getty Images, Extell, and Kushner)

The Trumps and the Kushners are no longer in the hotel business together.

The New York Times reports that management agreements with the Trump Organization at two Kushner Companies-owned hotels in New Jersey — one on the Jersey Shore and the other in Livingston — were recently terminated.

The decision to break off the deal on the Jersey Shore initially came from the Kushner side, the Times reported, after the proposed arrangement attracted public scrutiny from ethics watchdogs and the press back in March. At the Livingston hotel, the two companies had disagreements about how to approach union negotiations, people familiar with the discussions told the Times.

The Trump Organization had made $20,000 in fees from managing the Livingston hotel during part of last year, according to President Trump’s financial disclosures. The Trump Organization had also signed a letter of intent to manage the upcoming hotel on the Jersey Shore, which would have carried the name Scion, a lower-cost brand the Trump Organization unveiled in 2016.  [NYT] —Will Parker

 

Related Articles

arrow_forward_ios
(Photos by Sylvia Varnham O'Regan, Getty)

After looting, BIDs reverse guidance on boarding up stores

After looting, BIDs reverse guidance on boarding up stores
“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think
Clockwise from bottom left: Robert Reffkin of Compass, John Gomes, Scott Rechler of RXR Realty, Rich Barton of Zillow, Gary Keller of Keller Williams and Don Peebles of The Peebles Corporation (Getty)

“America is in crisis:” Real estate leaders address George Floyd protests

“America is in crisis:” Real estate leaders address George Floyd protests
A mass timber project in Cleveland is now under construction and could be the nation’s tallest when completed. Harbor Bay Real Estate Advisors’ Intro development will rise nine stories with 298 residential units (Credit: Harbor Bay Real Estate Advisors)

Mass timber project in Cleveland could be nation’s tallest

Mass timber project in Cleveland could be nation’s tallest
Joy Construction’s Eli Weiss (left), Maddd Equities’ Jorge Madruga (top), and Drew Katz with 20 Bruckner Boulevard in the Bronx (Getty; Google Maps)

“Dream” comes true for long-vacant Bronx ice house

“Dream” comes true for long-vacant Bronx ice house
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Photo illustration of Sen. Brian Kavanagh (Credit: Kavanagh by Albin Lohr-Jones/Pacific Press/LightRocket, Getty Images, iStock)

Lawmakers skip #CancelRent in favor of more modest bills

Lawmakers skip #CancelRent in favor of more modest bills
The process for challenging property assessments is so antiquated, officials won’t do Zoom meetings. (iStock)

“A recipe for disaster”: Fighting property taxes in a pandemic

“A recipe for disaster”: Fighting property taxes in a pandemic
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...