In a new report, the New York Times writes that the Trump Organization’s hotel expansion plans in the United States have essentially flat-lined.
“Plans for the two hotel chains, Scion and American Idea, are to be shelved indefinitely, most likely for the remainder of the presidency,” The Times wrote Thursday, noting it was a “decision that partly reflects a fundamental business problem: a lack of deals.”
Eric and Donald Trump Jr were more optimistic about the business side of The Trump Organization’s business prospects for new line of hotel properties a few years ago. Now, the Times notes, “despite stating publicly that it had built a pipeline of about 30 potential deals, the Trump Organization was able to announce only one partner, and on Thursday the company announced that the agreement had been called off."
Read the full report here.