President Trump’s hotel-management company intends to develop its luxury hotels across the United States, while it forgoes new overseas business for the foreseeable future, its chief executive said.
“There are 26 major metropolitan areas in the U.S., and we’re in five,” Trump Hotels CEO Eric Danziger elaborated following a panel discussion at the Americas Lodging Investment Summit in Los Angeles. “I don’t see any reason that we couldn’t be in all of them eventually.”
If everything goes according to plan, the company will have Trump Hotels in 26 cities, effectively tripling the countrywide amount. Trump’s company manages eight hotels in the U.S., some of which the Trump family owns.
Danziger, who joined Trump Hotels in August 2015, commented that Trump Hotels is thinking of opening luxury properties in Seattle, Dallas, Denver and San Francisco. The latter being where he began his career in 1971 as a bellman in a Fairmont hotel.
During the discussion he said that new Trump-branded luxury hotels would only be placed in major cities, while the company’s forthcoming lower-priced Scion-branded places will be in secondary and tertiary cities. The first Scion hotel will open this year, he added.
“Both brands and any others we create will have a domestic emphasis for the next four or eight years.”
Trump’s hotel business is mainly made up of branding and management contracts. His Washington property has become received negative controversy because of apprehension that foreign-government investment could violate the constitutional ban on emoluments.