How Many Hotels Does Trump Own and Their Locations?
How Many Hotels Does Trump Own?
Trump owns 11 hotels, including properties in New York, Chicago, Miami, Waikiki, Washington, D.C., Las Vegas, Virginia, Scotland, Ireland, and Vancouver.
These luxury hotels are owned by the Trump Organization, with Trump also licensing his name to other hotels and buildings.
Key Points:
- Trump owns 11 hotels in various locations, such as:
- New York
- Chicago
- Miami
- Waikiki
- Washington, D.C.
- Las Vegas
- Virginia
- Scotland
- Ireland
- Vancouver.
- The hotels are luxury properties owned by the Trump Organization.
- Trump also licenses his name to other hotels and buildings.
- The Trump Organization is responsible for managing these hotels.
- These properties add to Trump’s extensive real estate portfolio.
- His hotel business extends globally with locations in Europe and North America.
Did You Know?
1. With over 20 luxury hotels and resorts around the world, it may be surprising to know that Donald Trump does not actually own all of them. Many of his properties are managed and operated by other companies under a licensing agreement.
2. While it is widely known that Donald Trump is associated with luxury hotels, one of his lesser-known properties is a budget-friendly hotel chain called “Trump Hotels – Scion Brand”. These affordable hotels were targeted towards a younger demographic.
3. In addition to owning hotels, Trump has also ventured into the casino industry. One of his notable projects was the Trump Plaza Hotel and Casino in Atlantic City, New Jersey, which opened in 1984. However, it closed down in 2014 and was subsequently demolished in 2021.
4. Trump’s personal residence, the famous Trump Tower in Manhattan, is not just his home but also houses part of the Trump Organization. It features high-end residential units, offices, and retail space, making it a multi-functional building.
5. Not limited to just the United States, Trump has expanded his hotel empire internationally. One of his most renowned overseas properties is the Trump International Hotel and Tower in Vancouver, Canada. This stunning hotel offers beautiful views of the city and is a popular destination for visitors from around the world.
Number Of Trump Hotels: A Closer Look
The Trump Organization, run by former President Donald J. Trump, is known for its luxury properties, including hotels. Contrary to popular belief, the organization owns a relatively small number of hotels. According to the Trump Organization’s website, there are currently only 11 hotel properties bearing the Trump name. These hotels are located in various cities across the United States, including New York, Chicago, Miami, Waikiki, Washington, D.C., Las Vegas, and Virginia.
The limited number of Trump hotels is due to the organization’s focus on luxury properties. Trump’s brand has always been associated with opulence and exclusivity, and the organization prefers to maintain the quality and prestige of their hotels rather than expanding the number of locations. This strategy allows the Trump Organization to meticulously manage and maintain the high standards expected from their properties.
International Trump Hotels: Scotland, Ireland, And Vancouver
While the majority of Trump hotels are based in the United States, the Trump Organization also owns several international hotel properties. These include two hotels in Scotland, one in Ireland, and one in Vancouver.
These international locations further solidify Trump’s global presence and influence in the hospitality industry.
The two hotels in Scotland are Trump Turnberry and Trump International Golf Links & Hotel Doonbeg. Both properties have experienced modest rate increases following Trump’s election, contrasting with the decreases witnessed in other Trump hotels.
Trump’s hotel in Ireland offers a unique golfing experience along with luxurious accommodations, attracting both golf enthusiasts and discerning travelers.
In Vancouver, the Trump International Hotel & Tower provides guests with awe-inspiring views of the city’s skyline and world-class service.
These international properties are a testament to the Trump Organization’s ability to extend its brand and deliver exceptional hospitality on a global scale.
Trump’s Name Licensing: Beyond Real Estate
Apart from owning hotels, Donald J. Trump has made a fortune by licensing his name to various products and buildings. This includes hotels that he does not own, such as the Trump Soho in Manhattan and the Trump International Hotel & Tower in Dubai. Trump has licensed his name at least 50 times, not only in the real estate industry but also across other sectors.
The licensing of his name allows Trump to generate income without taking on the financial risks associated with owning the properties. This tactic has helped him establish a recognizable brand and expand his business ventures. By associating his name with luxury and prestige, Trump has created a powerful image that resonates with consumers and attracts investors.
Decrease In Trump Hotel Prices And Revenue
Following Donald Trump’s inauguration as the 45th President of the United States, the prices for rooms at Trump hotels witnessed a notable decline. Between January 2017 and January 2018, luxury room rates at Trump properties dropped by 25%, while less extravagant room rates saw a larger decrease of 35%. These price reductions indicate a change in demand and customer perception surrounding the Trump brand.
Furthermore, the Trump Hotel in Las Vegas experienced a significant 66% decrease in revenue from 2017 to 2018. This decline in revenue could be linked to the declining appeal of the Trump name among certain segments of the population. However, it’s worth noting that some Trump properties, namely Trump Turnberry in Scotland and Trump International Golf Links & Hotel Doonbeg in Ireland, witnessed modest rate increases of 4% and 7%, respectively.
Trump’s Real Estate And Political Connections
The real estate holdings of the Trump Organization have not only generated substantial revenue but have also played a significant role in Trump’s political connections. Throughout his 2016 presidential campaign and subsequent presidency, Trump’s properties have been frequently used for political events and fundraisers.
During his reelection campaign, the Trump campaign alone spent $670,000 at Trump-owned properties, while the Republican National Committee spent an astounding $1.1 million. Furthermore, political action committees supporting Trump and Vice President Mike Pence have contributed significant amounts to Trump’s real estate ventures.
Despite occasional price fluctuations and challenges in certain markets, it is anticipated that the Trump Organization’s 11 hotels in Washington, D.C. will continue to perform well during Trump’s presidency. This is mainly due to the city’s deep-rooted political and business connections.
The Trump Organization, although having a relatively small number of hotels, has maintained its focus on luxury properties and its global reach. This ensures that the Trump brand remains synonymous with exclusivity and indulgence. Trump’s licensing strategy for his name has allowed him to expand his influence beyond real estate. However, the fluctuating prices and political connections surrounding his properties add a layer of complexity to the already intricate Trump empire.
Check this out:
Frequently Asked Questions
What is Donald Trump’s net worth?
Donald Trump’s net worth continues to spark debate among media outlets. While Forbes pegs it at $2.5 billion as of April 12, 2023, Trump himself asserts a significantly higher figure. Trump’s wealth stems from diverse sources, including generous gifts, loans, and inheritance from his father, as well as his successful real estate ventures. Over the years, he has strategically invested in various lucrative projects spanning hotels, casinos, and golf courses, contributing to his overall financial standing.
Does Trump own Trump Plaza hotel?
No, Donald J. Trump does not own Trump Plaza hotel. Trump sold The Plaza Hotel in 1995, indicating that he no longer has ownership of the property.
What hotel did Trump build?
Trump built the luxurious Trump International Hotel and Tower in New York City. This high-rise building, previously known as the Gulf and Western Building, stands tall at the prestigious location of 15 Columbus Circle and 1 Central Park West on the Upper West Side of Manhattan. With its prime location and opulent design, the hotel quickly became a symbol of Trump’s business success and his renowned taste for grandeur.
Is Trump hotels part of Hilton?
No, Trump Hotels is not part of Hilton. While Trump International Hotel Las Vegas may be managed by Hilton Grand Vacations, it remains a distinctive property owned by the Trump Organization. This iconic hotel stands apart, offering a unique blend of luxury and sophistication, with its prime location near the Fashion Show Mall and the lively atmosphere of Las Vegas. So, while Hilton may lend its expertise to the management of this property, it is not part of the Hilton brand.
