A Trump Hotel in every major US city?

Miami /
Jan.January 26, 2017 08:45 AM

From the New York website: Trump Hotels is looking to expand from five to all 26 major metropolitan areas in the U.S., CEO Eric Danziger said Tuesday.

“I don’t see any reason that we couldn’t be in all of them eventually,” Danziger added.

The company, which currently manages eight hotels bearing the president’s name, is also looking to place luxury hotels in Dallas, Seattle, Denver and San Francisco, according to Bloomberg.

In October, the company announced its new line of hotels would be rebranded to Scion, as demand for Trump-named hotels reportedly fell. These hotels, Danziger said Tuesday, would also open in smaller U.S. cities, but only major cities would house luxury hotels with the Trump name.

The announcement comes as President Donald Trump faces criticism over his influence over the Trump Organization. In a lawsuit filed this week, ethics lawyers argue that the company’s properties, including the Trump International Hotel in Washington, D.C., violate the United States Constitution’s emoluments clause, which bans federal employees from receiving payments from foreign governments. The Trump family agreed not to pursue new foreign deals while the president is in office, but won’t sell existing foreign assets.

According to Bloomberg, Trump has financial ties to $3.6 billion of assets in about 20 countries and over $600 million of debt.

Trump, who does not plan to divest completely from his holdings, last week handed over control of the Trump Organization to his two eldest sons, Eric and Donald Jr., and a longtime Trump executive, Allen Weisselberg. [Bloomberg]Ben St. Clair


Related Articles

arrow_forward_ios
Trump Plaza’s condo board votes to remove ex-president’s name from West Palm towers
Trump Plaza’s condo board votes to remove ex-president’s name from West Palm towers
Trump Plaza’s condo board votes to remove ex-president’s name from West Palm towers
Donald Trump Jr. and Kimberly Guilfoyle with 492 & 494 Mariner Drive (Getty, Google Maps)
Jupiter’s Admirals Cove residents speak out against Don Jr. and Kimberly Guilfoyle’s plans to move in
Jupiter’s Admirals Cove residents speak out against Don Jr. and Kimberly Guilfoyle’s plans to move in
535 North County Road (Palm Beach Property Appraiser)
Oceanfront Palm Beach spec mansion hits the market, asking record $140M
Oceanfront Palm Beach spec mansion hits the market, asking record $140M
President Donald Trump with Melania Trump and Mar-a-Lago (Getty)
Florida representative wants Mar-a-Lago shut down following maskless NYE party
Florida representative wants Mar-a-Lago shut down following maskless NYE party
Background photo: Hannukah reception in 2019, Getty; President Donald Trump via gdizzle99/Instagram, inset
Real estate players celebrate Hanukkah at Trump’s White House party
Real estate players celebrate Hanukkah at Trump’s White House party
Donald Trump and the Trump National Doral golf course (Getty, Trump Hotels)
In the rough: Trump’s golf clubs and resorts have lost $315M
In the rough: Trump’s golf clubs and resorts have lost $315M
Donald Trump (Credit: Win McNamee/Getty Images)
Newly uncovered trademarks show Trump’s Cuba real estate aspirations
Newly uncovered trademarks show Trump’s Cuba real estate aspirations
212 Spyglass Lane & Carlos Gavidia (Realtor, Instagram/Carlos_E_Gavidia)
“Trumptilla” organizer sells waterfront Jupiter home for $6M
“Trumptilla” organizer sells waterfront Jupiter home for $6M
arrow_forward_ios

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

Loading...