Trump Discloses Cohen Payment, Raising Questions About Previous Omission
The president’s company has also been stymied by some of the completely new ethics restrictions the idea voluntarily adopted after the election.
As part of a voluntary ethics plan, the Trump Organization has not pursued completely new deals in foreign countries, cutting off an important stream of business which was projected to provide much of its future revenue. The Trump Organization can be also subjecting all completely new domestic projects to vetting by an outside ethics adviser, which appears to have had a chilling effect on certain potential deals: The company has yet to open a completely new hotel from the United States since Mr. Trump took office.
The Trumps also had a wave of cancellations at the Mar-a-Lago club amid a backlash over the president’s comments about the violence over the summer in Charlottesville, Va.
Faced with these challenges, the company has decided to focus primarily on its existing properties, which consist of 16 golf courses, a winery, seven stand-alone hotels, Mar-a-Lago in addition to a portfolio of commercial in addition to residential real estate properties. While the Trump Organization owns many of those properties, the idea shifted in recent years to branding in addition to managing properties, rather than owning them outright.
In at least one case, the Trumps began quietly managing a hotel property in Livingston, N.J., which can be owned by the family of Jared Kushner, Mr. Trump’s son-in-law in addition to adviser. Mr. Trump reported $20,000 in fees on which deal.
in addition to despite rolling out two completely new in addition to more affordable hotel lines — Scion, a four-star-chain, in addition to American Idea, a budget-friendly brand — the Trump Organization has only announced one such endeavor, a deal from the Mississippi Delta
The filing showed which Mr. Trump has received $26,667 in management fees related to the project.
The head of the company’s hotel division, Eric Danziger, said in March which the pipeline of current deals was “still very active,” in addition to which he was continuing to line up completely new Scion in addition to American Idea hotels.