, 3 tweets, 1 min read Read on Twitter
SCOOP: Blaming Political Climate, Trumps Give Up on New Hotels. Plan to build two new mid level brands called SCION and American Idea are shelved. @SteveEder @benprotess nytimes.com/2019/02/14/us/…
Statement to NYT from Trump Org: "We are not going to be doing any new deals for SCION & American Idea. If the right opportunity comes along for a luxury Trump project, we will absolutely consider it but right now we are going to sit back & focus on our existing portfolio."
From our story: “The retrenchment comes as the company faces growing scrutiny from federal prosecutors and congressional investigators, and as a former employee, Michael D. Cohen, heads to prison for multiple crimes.”
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