U.S. The ownership board of President Donald Trump’s signature New York hotel reportedly toyed with the idea of removing Trump’s name from the property as it dealt with a decline in revenues linked by investors to the president’s political ascendancy. The board for Trump International Hotel & Tower New York met in January to discuss possibly taking Trump’s name off the upscale hotel with six members of the board voting to at least look into the matter. Fellow board members Donald Trump Jr., doctor Stephen Soloway and a third member tried to knock down the proposal, according to The Washington Post on Thursday citing minutes from the meeting and other documents from investors angered by losing revenue over the last two years. Soloway was nominated to serve on the president’s fitness council in May but withdrew from consideration in June. According to the report, Trump’s top New York hotel lost $3.5 million in revenue between 2015 and 2017 while the average room rate dipped to $710 from $767. The president’s signature Chicago hotel also reportedly lost money. The Trump Organization reportedly told investors that some of that lost revenue at the New York and Chicago properties was made up thanks… Read full this story
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