TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Trump company ditches plans for new hotels: NYT
In 2016 and 2017 the Trump Organization announced plans for the two new brands, called Scion and American Idea, which were to be more affordable than the usual flashy Trump hotel properties.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Protestors gather outside at the front of the Trump International Tower & Hotel during the official opening on February 28, 2017 in Vancouver, Canada. The tower is the Trump Organization's first new international property since Donald Trump assumed the presidency. Jeff Vinnick/Getty Images/AFP (AFP/Jeff Vinnick)
T
he company overseeing President Donald Trump's business dealings has dropped plans to develop two new lines of hotels, citing what it calls a hostile political climate, The New York Times reported Thursday.
In 2016 and 2017 the Trump Organization announced plans for the two new brands, called Scion and American Idea, which were to be more affordable than the usual flashy Trump hotel properties.
But they never really got off the ground and only one partner, in Mississippi, had signed a deal.
Now, the Trump Organization has shelved plans for these hotels, probably for the rest of the Trump presidency, the Times said.
The company is under investigation by federal prosecutors and Congress. And a former employee, Trump's former personal attorney Michael Cohen, is bound for prison.
"We live in a climate where everything will be used against us, whether by the fake news or by Democrats who are only interested in presidential harassment and wasting everyone's time, barraging us with nonsense letters," Trump's son Eric said in a statement, according to the Times.
"We already have the greatest properties in the world and if we have to slow down our growth for the time being, we are happy to do it."
The Trump Organization is family owned and thus not obliged to release information on its earnings or dealings.
