Blaming Political Climate, Trumps Give Up on New Hotels

[mahatmakanejeeves]

Source: New York Times

Blaming Political Climate, Trumps Give Up on New Hotels

By Steve Eder, Ben Protess and Eric Lipton
Feb. 14, 2019

In the early months of the Trump administration, with the president no longer running his family business, his eldest sons embarked on a plan to roll out two new hotel lines in dozens of American cities. It reflected the ambitions of "the next generation of the company," President Trump's son Eric said at the time. ... Now, in a striking reversal, the Trump Organization is no longer pursuing the signature initiative, according to company officials.

Plans for the two hotel chains, Scion and American Idea, are to be shelved indefinitely, most likely for the remainder of the presidency. As a practical matter, that means calling off just one agreement, in Mississipppi, though two years ago the Trump Organization said it had as many as 30 potential deals in the pipeline.

The retrenchment comes as the company faces growing scrutiny from federal prosecutors and congressional investigators, and as a former employee, Michael D. Cohen, heads to prison for multiple crimes. With Democrats now in control of the House of Representatives, any new hotel deals could have provided investigative fodder for critics of the president.

“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,” Eric Trump said in a statement. “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.”
....

Read more: https://www.nytimes.com/2019/02/14/us/trump-hotel-deals.html

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David Fahrenthold Retweeted

https://twitter.com/Fahrenthold

SCOOP: TRUMP ORG PULLS OUT OF TWO MISSISSIPPI HOTEL DEALS, ANNOUNCES IT IS GIVING UP--FOR NOW--ON TWO NEW HOTEL BRANDS. Blames poisonous politics after Donald J. Trump elected president. @SteveEder @benprotess

Link to tweet

The Trump Org's "Scion" hotels brand has died before launch.
So we'll never know if the first Scion cpuld live up to the image on its homepage: a bustling lobby, complete with a hip, approachable, downtown wizard. https://scionhotelsandresorts.com/

Link to tweet

Is that the leader of the Proud Boys ... Somebody McSomething?

Link to tweet

thoughts and prayers

Link to tweet

[ailsagirl]

1. You know what I'd love to see?

BLAMING POLITICAL CLIMATE, DUMP RESIGNS

Perhaps one day soon that will happen!!

[Mr.Bill]

2. Their brand is ruined.

They will never be able to put a business deal together again for the rest of their lives.

[calimary]

8. Maybe not. There's always Shel Adelson, the Mercers, and the Kochs.

[Mr.Bill]

20. Once Donald is out of office

and can't do anything for them, these billionaires will kick the Trump family to the curb like an empty beer can.

[calimary]

31. And then they'll just go on to the next one.

Once they’ve spent him all up, it’ll be time to throw him away and get a new one.

The ultimate consumers, perhaps. Said while watching one of those “How the Universe Works” scientific specials - on black holes. I actually found myself thinking “gee, that’s like donald trump. A big rule-breaking destructive sucking force. He’s a political black hole!”

[SayItLoud]

3. Translation: No banks in the US will loan him construction funds, and his Russian

money laundering banks in Germany and Cyprus are scared shit of Mueller and his rich Russian and Saudi grifters are either under investigation, indicted or hiding in the mother land. So, once again tRUMP statement is pure bullshit.

[dchill]

22. Thanks for writing my post for me!

[FakeNoose]

25. Yep - the funding well ran dry ... finally

He's done in business, the hotels and golf resorts will all fold eventually. What legitimate business would want the name "Trump" emblazoned on it, especially if that name costs $ millions?

[pandr32]

27. I agree

I hope this continues until all the tRump assets are seized (Ricco) and the tRump crime family members are imprisoned and/or ruined.

[Lonestarblue]

4. I hope bankruptcy is not far behind.

How much longer will Putin be willing to support the lifestyle of Crime Family #1?

[genxlib]

5. There is irony here

A chain of hotels that isn't plastered with the name TRUMP is probably their only opportunity to still have a future.

It is the ubiquitous use of that toxic name in giant gaudy letters that is their biggest liability on existing properties.

[SWBTATTReg]

6. Maybe instead of blaming everyone else (democrats, etc.) you need to look at your prior...

business practices...maybe they might be the cause? Your name is toxic, your brand is toxic, you are toxic.

[calimary]

7. That building (in the tweets) looks like a small prison.

[monmouth4]

14. It's quite ugly, for sure..n/t

[KY_EnviroGuy]

17. Don't be giving tRump any fresh ideas....

on a new type of endeavor for his empire..........

We hope that's a line of business for which he gains a lot of direct exposure real soon.....

[royable]

9. Is this to say that the Trumps believe in climate change??? n/t

[Gothmog]

10. Womp womp

Link to tweet

[displacedtexan]

11. If everything is legal and transparent, why would the Trump kids abandon deals?

We all know the answer.

[BumRushDaShow]

12. All I can do is this

[Maxheader]

13. "We live in a climate where everything will be used against us"

I hope the hotel personnel steal all the soap and hand towels..freak..

[riversedge]

15. No, Eric--neither you, nor your family are happy........

bitter is more like it!


..........
“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,” Eric Trump said in a statement. “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.”

[KY_EnviroGuy]

18. Simple: They're scared to death of transparency.

......... .............

[The Truth Is Here]

16. All Trump assets are now worthless. He has to sell just to try to pay off his massive debt.

Which will always come up short. The next step for the entire Trump and Kushner family is to meet skidrow.

[discntnt_irny_srcsm]

29. re: "...pay off his massive debt."

I didn't think he did that.

[Rural_Progressive]

19. But, but, but, but, but.......

I thought the polls were showing increasing levels of great respect, happiness, and admiration for Donnie O and the entire cabal? This should be a slam dunk. The millions and millions and millions, in fact more people than have ever loved a leader before, will be making reservations years in advance just to spend the night at one of these unbelievable properties.

Hey, it must be true pretty sure that's what I read on dear leaders tweet.

[Mr.Bill]

21. Nobody left to borrow from.

No ability to pay back what they have already borrowed.

[Gothmog]

23. Presidential harassment?

Link to tweet

?s=20

[Paladin]

24. HAHAHAHAHAHAHAHAHA

[Hoyt]

26. Wonderful news.

[Kali]

28. awwww

[LiberalLovinLug]

30. In our city we have a humungous Trump lettering on a downtown highrise

And they say there is no legal way to remove it.

"If I had a rocket launcher...."