Trump Organization

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Trump's Real Estate Empire Is Doing Something Unusual

It's buying properties with cash, and lots of it, instead of through loans

(Newser) - The Trump Organization keeps the details of its financial operations close to the vest, but the Washington Post uncovered something unusual about its real estate strategy: It's been paying cash for properties and forgoing the usual practice of securing loans. Specifically, the Post found that the president's company...

Trump Firm Asked Panama President to Intervene in Dispute

Move is clear example of conflict of interest, experts say

(Newser) - President Trump's company appealed directly to Panama's president to intervene in its fight over control of a luxury hotel , even invoking a treaty between the two countries, in what ethics experts say was a blatant mingling of Trump's business and government interests. That appeal in a letter...

NYT: Mueller Subpoenas Trump's Business

President had previously warned special counsel about this 'red line'

(Newser) - A new subpoena issued by Robert Mueller may be approaching a "red line" President Trump has warned him not to cross. The New York Times reports that the special counsel has subpoenaed the Trump Organization for documents, including some related to Russia. Trump has previously warned that he didn'...

Trump Lawyer's Claim 'Utter Fiction,' Says Daniels' Lawyer

A Trump Organization attorney has been linked to adult film actress's case

(Newser) - Yet another twist in the Stormy Daniels case: Newly released documents link a Trump Organization lawyer to an agreement to block the adult film star from discussing her alleged affair with President Trump, NBC News reports. Assistant general counsel Jill Martin filed a document as part of confidential arbitration proceedings...

Trump Name Taken Off Panama Hotel in Dramatic Fashion

Trump Organization kicked out of disputed property

(Newser) - A fierce dispute over a 70-story Trump-branded hotel in Panama ended Monday with armed police evicting Trump Organization staff from the building and a worker with a crowbar taking the word Trump off the outside of the building. The move followed a standoff between the Trump Organization, which had a...

Trumps to Ditch Their 'Epically Mismanaged' NYC Hotel

The Trump SoHo has had troubles from the start

(Newser) - A posh New York City hotel bears the Trump name—but the Trumps have apparently had it with the property, the New York Times reports. The Trump Organization has penned a deal that lets it out of its ties to Trump SoHo by the end of the year, bringing to...

Report: Moscow Trump Tower Was Discussed Amid Campaign

Real estate deal apparently fell through, per 'WaPo' report

(Newser) - "Can you believe two guys from Brooklyn are going to elect a president?" That's a paraphrased remark in a November 2015 email from a Russian-born real estate developer to Trump Organization exec Michael Cohen, which the Washington Post reports was part of the business' effort to develop a...

Trump Hotel in DC Braced for a Loss, Got a Windfall

The first 4 months of the year saw a $1.97M profit

(Newser) - "Some people really want to stay there, and then there's a bunch of people who don't." It's a statement that could be applied to pretty much any hotel, but it has special meaning in this case. The hotel the analyst is referring to is the...

Campaign Travels Inspired New Trump Hotel Chain

They're calling it 'American Idea'

(Newser) - The sons of President Trump say their company is launching a new hotel chain inspired by their travels with their father's campaign. The Trump Organization, which is calling the new mid-market chain "American Idea," says it will start with three hotels in Mississippi. At a party at...

Celebrity Chef Settles Lawsuit With Trump Organization

Jose Andres backed out of deal after Trump 'disparaged immigrants'

(Newser) - The Trump Organization and celebrity chef Jose Andres have settled their million-dollar lawsuit after two years, Politico reports. According to NPR , Andres had planned to open a restaurant in the new Trump International Hotel in DC—even going so far as planning a menu and talking design with Ivanka Trump—...

DC Bar Owners Sue Trump Over 'Unfair Competition'

They want him to close his new hotel or divest

(Newser) - Is it fair for local bars and restaurants in Washington, DC, to have to compete with a restaurant owned by the president of the United States in a building he leases from the federal government? Diane Gross and Khalid Pitts, owners of the Cork Wine Bar, think not, and they'...

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