The Jerome Deeds ArchivesTrump business is already profiting from the Trump presidency.
Mar-a-Lago, the Trump Organization's "Winter White House" in Palm Beach, Florida, doubled its initiation fee to $200,000 a year at the beginning of January, CNBC reported.
The introductory fee used to be $200,000 before Bernie Madoff took victim of so many Palm Beach residents. After that, the resort slashed it to $100,000. Now that Donald Trump has taken America's highest office, the price is back up.
And while the Trump Organization's most famous resort is raising its prices, Trump Hotels is plotting a nationwide expansion.
Trump Hotels CEO Eric Danziger said on Tuesday that the company aimed to be in all 26 major metropolitan areas — which would triple its U.S. presence. Bloomberg reported Danziger's remarks at a panel discussion in Los Angeles.
“There are 26 major metropolitan areas in the U.S., and we’re in five,” Danziger said. “I don’t see any reason that we couldn’t be in all of them eventually.”
The company is considering new hotels in Dallas, Seattle, Denver and San Francisco, along with a lower-priced tier of hotels in smaller cities.
Any U.S. expansion of Trump Hotels would come after the company faced criticism for its foreign real estate deals in light of Trump's election as U.S. president.
Topics Donald Trump
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