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He is in the midst of a lawsuit that accuses him of evading taxes by avoiding $15 million in sales taxes. Trump also is facing legal challenges in some of his overseas real estate holdings. Icahn declined to comment on the sale, saying only that he would be interested in speaking to the president. Trump also said in the book that his company was not the one to pay for the Trump Plaza hotel, which he bought with his father in 1983 for $1.5 billion.Ī group of investors led by former Trump Entertainment chairman Carl Icahn, Icahn Capital Management, is trying to buy the Trump name. He said he would keep the brand, but would not be able to profit from it as a result. Trump said in his book that he has not made any decisions about whether he would sell or keep the Trump brand. The sale would also include properties in the Bahamas, the Dominican Republic, Colombia, Ecuador, the Panama Canal Zone, Peru, Trinidad and Tobago and Venezuela. The sale would mean the Trump Organization would have to sell about 15 properties that it owns in the United States and that have not been sold in the past. The Trump Organization did not respond to a request for comment from the AP. Trump’s lawyers told The Associated Press it was unclear what would happen to the properties that he bought in Atlantic City, including his pentominium in the historic Plaza Hotel.
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The Trump Organization said it would sell the tower to the highest bidder, but the sale was still pending. He also owns several of the Trump International Hotel and Tower and is building a new hotel and convention center in Chicago.īut the hotel he has used for decades is now being sold. NEW YORK - Trump owns dozens of luxury properties around the world, but his New York City-based hotel company is the only one that owns the Trump Tower, where he has been in his penthouse for years.
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OctoComments Off on What happens to the Trump-owned hotels? By admin
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