Trump Properties

Trump Properties

Tracking the President’s Visits to Trump Properties, a Timeline from The New York Times  Out of 150 Days, 42 had Presidential Visits

“Trump was promoted to president of [Elizabeth Trump and Son] company in 1971 (while his father became chairman of the board), and renamed it The Trump Organization.[7][108] In 1973, he and his father drew wider attention when the Justice Department contended that the organization systematically discriminated against African Americans wishing to rent apartments, rather than merely screening out people based on low income, as the Trumps stated. Under an agreement reached in 1975, the Trumps made no admission of wrongdoing, and made the Urban League an intermediary for qualified minority applicants.[109][110] His adviser and attorney during (and after) that period was Roy Cohn, who responded to attacks by counterattacking with maximum force, and who valued both positive and negative publicity, which were attitudes that Trump appreciated.[111] ”   Wikipedia

“Trump has said that he began his career with “a small loan of one million dollars” from his father.[67] Trump appeared on the initial Forbes List of wealthy individuals in 1982 with an estimated $200 million fortune, including an “undefined” share of the fortune belonging to his family and father.[68]”   Wikipedia

Grand Hyatt, New York In 1978, Trump consummated his first major real estate deal in Manhattan, purchasing a half-share in the decrepit Commodore Hotel, largely funded by a $70 million construction loan jointly guaranteed by Fred Trump and the Hyatt hotel chain. After remodeling, the hotel reopened as the Grand Hyatt Hotel, located next to Grand Central Terminal.[113][114]    Wikipedia

Trump Tower, New York 1978, “Trump finished negotiations to develop Trump Tower, a 58-story, 202-meter (663-foot) skyscraper in Midtown Manhattan, which The New York Times attributed to his “persistence” and “skills as a negotiator”.[115] To make way for the new building, a crew of undocumented Polish workers demolished an old Bonwit Teller store including art deco features that had initially been marked for preservation.[116] The building was completed in 1983, and houses both the primary penthouse condominium residence of Trump and the headquarters of The Trump Organization.[117][118] Architectural critic Paul Goldberger said in 1983 that he was surprised to find the tower’s atrium was “the most pleasant interior public space to be completed in New York in some years”.[119][120] Trump Tower was the setting of the NBC television show The Apprentice, and includes a fully functional television studio set.” [121]  Wikipedia

Trump Parc 106 Central Park S., 1981  Trump owns 19 units The Real Deal

Trump Plaza Hotel and Casino Atlantic City 1982-2014:”The Trump Organization began construction of the casino in June 1982.[3] Harrah’s, the gaming unit of Holiday Inns, joined as a partner a month later.[4] Trump would oversee the construction, while Harrah’s would operate the property.[3] The property opened as Harrah’s at Trump Plaza on May 14, 1984.[5] Five months after opening, the name was changed to simply Trump Plaza, to avoid confusion with Harrah’s Marina.[6] The casino performed poorly, with pre-tax profits of just $144,000 in the first half of 1985.[8] The poor results exacerbated disagreements between Trump and Harrah’s,[8] leading to Trump buying out Harrah’s interest in the property for $70 million in May 1986.[9]  On July 12, 2014, it was reported that the Trump Plaza Hotel and Casino would close on September 16, 2014, if a buyer was not found, putting an estimated 1,000 employees out of work. In early August 2014 Donald Trump filed a lawsuit requesting his name be removed from the facility since he no longer ran or controlled Trump Entertainment Resorts at the time.[30]” Wikipedia  Trump Plaza closed permanently on September 16, 2014.[2] This was the fourth Atlantic City casino to close in 2014, after the Atlantic Club, Showboat, and Revel. The closure left approximately 1,300 employees out of work.[31][32]”  Wikipedia

Mar-a-Lago 1985:”Trump acquired the historic Mar-a-Lago estate in Palm Beach, Florida in 1985 for $5 million, plus $3 million for the home’s furnishings. It was built in the 1920s by heiress and socialite Marjorie Merriweather Post, who envisioned the house as a future winter retreat for American presidents. Trump’s initial offer of $28 million had been rejected, and he was able to get the property at the much lower price by purchasing separate beachfront property and threatening to build a house on it that would block Mar-a-Lago’s ocean view.” Wikipedia

West Palm Beach Twin Tower Condos 1986: In 1986, he acquired a foreclosed, 33-story, twin-tower condominium complex in nearby West Palm Beach for $40 million, with automobile manufacturing executive Lee Iacocca investing in three of the condos.[139] Despite sprucing up its public areas, and years of heavy promotion, selling the units proved difficult, and the deal turned out to be unprofitable.[140]

Alexander’s Department Store, NYC, 1986-1992: “In 1986, Interstate Properties and Donald Trump each bought approximately 20% of Alexander’s, a failing retailer whose real estate holdings included its flagship store, occupying the entire block between East 58th and 59th streets and Lexington and Third avenues. [3] In 1988, they each raised their stakes to 27% but Trump pledged his interest as collateral for a personal loan from Citicorp and in 1991, Trump was forced to turn over his holdings to the bank.[4] In 1992, Roth and Alexander’s creditors forced Alexander’s into bankruptcy.[5]Alexander’s emerged from bankruptcy in 1993 as a real estate investment trust. That same year, Vornado Inc. was converted into a REIT, Vornado Realty Trust. In 1995, Vornado bought Citicorp’s interest in Alexander’s.[6] Wikipedia  Vornado rescued Jared Kushner in 2011 with his 666 Fifth Ave. “tower “teetering near insolvency.” Vornado Realty Trust swooped in, “getting a 49.5 percent stake in exchange for an $80 million capital injection,” and later acquiring more of the tower in 2012.” Vanity Fair

Trump Taj Majal Casino and Resort, Atlantic City 1987-2009: “In Atlantic City, a portfolio of properties along the boardwalk that bear the Trump name are the source of the widespread misconception that Trump at one point went personally bankrupt. Trump bought the portfolio, now known as Trump Taj Mahal Hotel & Casino, in 1987. The property’s ownership entity, Trump Entertainment Resorts.Trump Entertainment Resorts, filed for bankruptcy four times between 1991 and 2009.” The Real Deal

Plaza Hotel, NYC, 1988: “Trump acquired for a record-setting $407 million, and asked his wife Ivana to manage its operation.[123] Trump invested $50 million to restore the building, which he called “the Mona Lisa”.[124]”     Wikipedia

Trump Regency Atlantic City 1989: “In 1989, Trump paid $62 million to purchase the neighboring, unfinished Penthouse Boardwalk Hotel and Casino, including a hotel tower that had formerly been a Holiday Inn, and a nearby parking lot.[10] Trump planned to expand the Plaza onto the Penthouse site.[10] Trump also spent $63 million to purchase the bankrupt Atlantis Casino Hotel, separated from Trump Plaza by the Atlantic City Convention Hall, and rebranded it as the Trump Regency, a hotel annex to the Plaza.[11][12]”    Wikipedia

Trump International Hotel and Tower , NYC 1994:”Trump became involved with a building on Columbus Circle which was swaying in the wind. He began a reconstruction project that stopped the swaying and gave the building a full makeover.[126][127] Trump thereafter owned commercial space in that 44-story mixed-use tower (hotel and condominium)[128]”    Wikipedia

40 Wall Street, New York 1996: “Trump acquired a vacant seventy-story skyscraper on Wall Street which had briefly been the tallest building in the world when it was completed in 1930.[129]Wikipedia  Offering below-market and small office space caddy-corner to the Stock Exchange, it has been home to many crooks, mostly in the financial sector with Donald Trump, Jr. in charge of renting the space. Bloomberg  40 Wall Street has been home to so many felons, rented by Don Jr, that articles have been written about it. See the Trump Tenants page.

Trump Place 1997-2005:”In 1997, he began construction on a multi-building development along the Hudson River, and encountered delays the following year because a subcontracter had to replace defective concrete.[130][131] Ultimately, he and the other investors in that project sold their interest in 2005 for $1.8 Billion, in what was then the biggest residential sale in the history of New York City.[132]”    Wikipedia

Empire State Building 1994-2002: “Trump owned a 50% share… He would have renamed it to “Trump Empire State Building Tower Apartments” if he had been able to boost his share.[133][134]  ”  Wikipedia He retained ownership of this LLC after inauguration.

Trump World Tower 2001: “In 2001, across from the headquarters of the United Nations, which for a while was the tallest all-residential tower in the world.[135]  Meanwhile, he continued to own millions of square feet of other prime Manhattan real estate.[137]”  Wikipedia

Trump SoHo New York 2002: Bayrock Group LLC/Sapir “Completed in 2010, the SoHo soon became the subject of prolonged civil litigation by disgruntled condo buyers. The building was foreclosed by creditors and resold in 2014 after more than $3 million of customer down payments had to be refunded.The American Interest                   “Russian-born Felix H. Sater and his company, Bayrock Group — a Trump Tower tenant — begin working with Trump on a series of real estate development deals, one of which becomes the Trump SoHo. Another development partner in Trump SoHo is the Sapir Organization, founded by Tamir Sapir. “[Revised March 20, 2017] Bill Moyers

The Trump SoHo Is Not Doing Tremendous Business, Will Reportedly Lay Off Hotel Employees  

Trump 502 Park Avenue 2002 re-opened 2004, “New York Trump acquired the former Hotel Delmonico in Manhattan in 2002, which re-opened with 35 stories of luxury condominiums in 2004.[136]” Wikipedia  “Trump does still own 23 apartments at Trump Park Avenue, which he rents for rates as high as $100,000 per month, and 19 units at Trump Parc.”The Real Deal

2004: “Trump Organization sold most of the properties he inherited from his late father, Fred, who started the family real estate business in outer-borough neighborhoods like Coney Island, Sheepshead Bay and Flushing.” The Real Deal

2005:On March 14, 2017 the first two pages of Trump’s 2005 federal income tax returns were leaked to MSNBC‘s Rachel Maddow show. The two pages showed that Trump paid $38 million in federal taxes and had a gross adjusted income of $150 million.[103][104] The White House confirmed the authenticity of the 2005 documents and stated: “Despite this substantial income figure and tax paid, it is totally illegal to steal and publish tax returns.”[103][104]” Wikipedia

Trump International Hotel & Tower, Fort Lauderdale 2005 “Similarly, Bayrock’s Trump International Hotel & Tower in Fort Lauderdale was foreclosed and resold in 2012, while at least three other Trump-branded properties in the United States, plus many other “project concepts” that Bayrock had contemplated, from Istanbul and Kiev to Moscow and Warsaw, also never happenedThe American Interest

Trump International Hotel in Washington D.C.

Trump International Hotel & Tower, New York

 Golf Courses

  • Trump National Golf Club Bedminster (Old Course), N.J. (No. 58 Golfweek’s Best Modern)  Donald Trump bought the property, which included the estate of automaker John Z. De Lorean, for less than $35 million in 2002.[3]    “Camp David North”  In May 2017, President Trump started to use the property for weekend retreats stating that staying at his property in Bedminster is less expensive and disruptive than going to Trump Tower in New York city.[15]”  Wikipedia
  • Trump National Golf Club, Sterling, VA  Photo New York Times

    STERLING, Va. — When Donald J. Trump bought a fixer-upper golf club on Lowes Island here for $13 million in 2009, he poured millions more into reconfiguring its two courses. He angered conservationists by chopping down more than 400 trees to open up views of the Potomac River. And he shocked no one by renaming the club after himself.

    But that wasn’t enough. Mr. Trump also upgraded its place in history.

    Between the 14th hole and the 15th tee of one of the club’s two courses, Mr. Trump installed a flagpole on a stone pedestal overlooking the Potomac, to which he affixed a plaque purportedly designating “The River of Blood.”

  • Trump National Golf Club, Charlotte, N.C.
  • Trump National Golf Club, Colts Neck, N.J.
  • Trump National Golf Club, Hudson Valley, N.Y.
  • Trump National Golf Club, Philadelphia
  • Trump National Doral Golf Club, Doral, Fla. (No. 94 Golfweek’s Best Modern; No. 4 Golfweek’s Best Courses You Can Play / Florida) One of Trump’s biggest money-makers
  • Trump National Golf Club, Jupiter, Fla.-Trump purchased the property from Ritz-Carlton in 2012 for $5 million. Wikipedia
  • Trump National Golf Club, Los Angeles (No. 18 Golfweek’s Best Courses You Can Play /
  • California)
  • Trump National Golf Club, Washington, D.C.
  • Trump National Golf Club, Westchester, N.Y. “Trump bought Briar Hall Country Club for $7.5 million[10] in the foreclosure in December 1996[11] and ran the club until 1999, until he closed the property to begin its redevelopment.”[12]Former US President Bill Clinton has been a member of the club since May 2003. Wikipedia
  • *Trump Golf Links at Ferry Point, N.Y. (No. 2 Golfweek’s Best Courses You Can Play / New York)The Trump Organization received the City’s concessionaire contract to grow-in/maintain the golf course and run the general golf operations.[7] Wikipedia
  • Trump International Golf Club, West Palm Beach, Fla.: “Opened in 1999.[1] This venue was Trump‘s first golf course property.[2] a budget of over US$40 million”
  • Trump International Golf Club (International), Puerto Rico (No. 24 Golfweek’s Best Caribbean and Mexico) 2008-July 2015 Forbes “Inside the Bankruptcy of The Puerto Rican Golf Course Trump Managed”
  • Trump International Golf Club (Championship), Puerto Rico (No. 29 Golfweek’s Best Caribbean and Mexico) 2008-2015 Re-Developed/Managed Bankruptcy Forbes
  • Trump International Golf Links, Ireland
  • Trump International Golf Links, Aberdeen, Scotland (No. 1 Golfweek’s Best Great Britain and Ireland Modern)
  • Trump Turnberry, Scotland
  • Trump International Golf Club, Dubai

*management course only  List courtesy of Golfweek, 2016

Trump National Golf Club in Northern Virginia, with the “River of Blood” plaque commemorating a Civil War battle that never happened.  Golf Digest

Albemarle Estate at Trump Winery

Trump Winery, Charlottesville, VA: Trump boasts he owns one of the largest wineries in the U.S. — but here are the facts New York Daily News, August 15, 2017: President Trump boasted Tuesday about owning one of the largest wineries in the U.S. in Charlottesville, Va., where, over the weekend, a woman was killed during a white nationalist rally. “I own actually one of the largest wineries in the United States,” Trump said after a press conference at Trump Tower in New York. “It is in Charlottesville.” Annette Boyd, director of the Virginia Wine Board, told Politifact that Trump Winery is not the biggest in the state.”

Trump Name Licensing:

Trump International Hotel & Tower, Chicago

Trump International Hotel Waikiki

Trump International Hotel Las Vegas

Trump International Hotel & Tower Dubai

Trump International Hotel & Tower Vancouver

Trump International Hotel & Tower Toronto

Trump International Hotel & Tower Panama

Trump International Golf Links & Hotel Doonbeg, Ireland

Trump Turnberry, a Luxury Collection Resort, Scotland

MacLeod House & Lodge at Trump International Golf Links, Scotland