Trump Says He and Union Have a Deal on Tavern on the Green

Donald J. Trump and the head of the powerful union that represented the 400 workers at Tavern on the Green say they have come to an agreement that could revive the shuttered landmark restaurant that is now home to a food-truck court and a visitor center.

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Former Trump hotel in Fort Lauderdale still mired in litigation

More than a year after it was set to open, only maintenance crews and real estate types appear to be making regular use of the former Trump International Hotel & Tower on Fort Lauderdale’s beach.

The 298-unit condo-hotel is beset by litigation, including two class action lawsuits from buyers and a foreclosure by a government-chosen successor to the original lender, Corus Bank.

During a Dec. 21 hearing, attorneys for the lender, Donald J. Trump and two of his companies argued that claims against them in one of the class action cases should be dismissed. A decision by U.S. District Judge Adalberto Jordan was pending at deadline.

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Preferred Hotel Group looks to Trump the competition

The Trump Hotel Collection has signed an agreement with Preferred Hotel Group to provide sales, marketing and technology support to the brand’s five current hotels, as well as two future hotels slated for early 2011 openings. Preferred Hotels and Resorts will represent the Trump brand’s flagship, Trump International Hotel & Tower New York, Trump SoHo New York, Trump International Hotel & Tower Chicago, Trump International Hotel Las Vegas, Trump International Hotel Waikiki Beach Walk. The partnership will also see the brands collaborate on the future Trump International Hotel & Tower Toronto and Trump Ocean Club International Hotel & Tower Panama opening in early 2011. “This new partnership with Trump Hotel Collection strengthens our presence in several key markets, providing Preferred Hotel Group guests with exceptional new choices in leading urban and resort destinations,” said Lindsey Ueberroth, president of the Preferred Hotel Group. “We look forward to a long, and mutually beneficial relationship as the two companies continue to grow strategically and internationally.”

Trump pays down hotel debt

Developers of the Trump SoHo hotel-condo building "substantially paid down" the debt owed on the project to iStar Financial after receiving a new loan from CIM Group.

Trump Soho is a joint venture between the Trump Organization and the project's developers, Bayrock Group and the Sapir Organization.

Donald and Ivanka Trump both declined to discuss financial terms of the deal.

In September, iStar offered $20 million more in financing to the Trump SoHo in a mortgage restructuring. It had already lent more than $250 million to the project, the Wall Street Journal reported.

IStar, the New York-based commercial real-estate lender, had about $2.8 billion of non-performing loans as of Sept. 30. It may refinance loans with a new $1 billion to $2 billion credit line as an alternative to bankruptcy, according to people with direct knowledge of the matter.

Trump says his name is off Fort Lauderdale condo hotel

Real estate mogul Donald J. Trump said he's no longer affiliated with the unfinished luxury condo-hotel tower on Fort Lauderdale beach that was to carry his name and now faces foreclosure.

"We have nothing to do with the building. We had a licensing deal, and we terminated the licensing deal a long time ago," Trump told the SunSentine on Tuesday. "We're not involved with the foreclosure."
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Trump-linked hotel developer detained in international prostitution probe

Turkish military police detained a businessman active in the U.S. hotel market after raiding his luxury yacht as part of a lengthy probe into an international ring of high-price prostitutes, Bloomberg reports today.


The businessman, Tevfik Arif, is founder and chairman of New York-based Bayrock Group, a private investment company that partners with prominent real estate groups such as Donald Trump's Trump Group and Blackstone to develop luxury projects. Bayrock-backed projects include the new Trump Soho hotel-condominium tower in New York City and the Trump International Hotel and Tower in Fort Lauderdale.

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Trump SoHo Gets Financing Boost

Trump SoHo, the flashy downtown hotel-condo project that has struggled to sell units, announced Wednesday it has restructured its financing with iStar Financial in a deal that increases its loan by $20 million.


The deal gives the 391-unit development more breathing room as it tries to ride out a turbulent real-estate market that's been particularly hard on condo hotels. It shows that iStar, which already has lent more than $250 million to Trump SoHo, has faith in the project. But it's not clear whether it will be enough to restore the project to health.

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Trump casinos in Atlantic City buy out 6 top executives as new ownership takes over

ATLANTIC CITY — Casino operator Trump Entertainment Resorts Inc. is shaking up its executive ranks as it transitions to new ownership after emerging from Chapter 11 bankruptcy protection.

Six senior executives are leaving the company, including Rosalind Krause, general manager of Trump Taj Mahal Casino Resort and the only woman currently in charge of an Atlantic City casino.

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Trump Entertainment May Seek Hotel Partner to Upgrade Plaza

Trump Entertainment Resorts Inc., the Atlantic City casino company that emerged from bankruptcy last month, said it may seek a hotel partner to renovate the Trump Plaza Hotel & Casino.

“One of the options is a joint venture, where we would probably donate the real estate,” Chief Executive Officer Mark Juliano said in an interview. The partner would “pump capital into the existing property, to both renovate it and add a new room tower,” he said.

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Trump SoHo Developers Sued for Fraud

The developers of the Trump SoHo Hotel Condominium have been sued for allegedly making fraudulent misrepresentations and using deceptive sales practices to market hotel-condominium suites.

The lawsuit comes as the project's developers, the Bayrock Group and the Sapir Organization, have begun offering direct financing in hopes of boosting sales. The units start at $1.2 million for a studio.

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Financing trouble blocks buyers' possession of Trump hotel units

The Trump International Hotel Waikiki Beach Walk is getting close to being a year old, but most of the units in the hotel-condominium still haven't been conveyed to buyers or occupied.

A problem tied to financing the ultraluxury project, which sold out in 2006, blocked conveyance of units to buyers in late November shortly after the tower was completed. At the time of the suspension, only 101 of the building's 462 units had been transferred to buyers.

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Icahn appeals court decision on Trump casinos

NEW YORK, May 17 (Reuters) - Investor Carl Icahn appealed on Monday a bankruptcy court decision giving Donald Trump and a group of bondholders control of Atlantic City-based Trump Entertainment Resorts Inc (TRMPQ.PK).


Icahn and partner Andy Beal asked U.S. Bankruptcy Court Judge Judith Wizmur to temporarily prevent Trump and the bondholders led by Marc Lasry's Avenue Capital Group from taking over the three casinos

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Trump Hotels

Trump is betting he can do for hotels what he has done for skyscrapers, casinos, reality TV and the wedding industry. He wants his family to be the new first family of inn-keeping. And why not? Trump is a match for the likes of Rocco Forte, and Ivanka can comfortably out-Paris Paris Hilton. In Paris. In 10 years’ time, if the Trumps get their way, there will be a giant “T” atop a stylish, modern Trump hotel in every big city. “We want to spread it globally,” Trump says, with an “I’ve made it here, so I can make it anywhere” grin. “We’re looking at 50 cities.”

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Donald Trump Beats Carl Icahn in Bankruptcy Battle for Casinos

April 13 (Bloomberg) -- Donald J. Trump and his partners won control of the bankrupt casino company Trump Entertainment Resorts Inc., when a judge ruled that their bid was better for creditors than a competing offer by investor Carl Icahn.


U.S. Bankruptcy Judge Judith H. Wizmur yesterday sided with a group of bondholders who are owed $1.2 billion. Their proposal would reduce Trump Entertainment’s debt by $1.4 billion and give the celebrity billionaire as much as 10 percent of the three- casino company he once ran.

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Icahn now owns whole mortgage on Trump casinos

ATLANTIC CITY, N.J. — Carl Icahn has bought the remaining half of the $500 million mortgage on the three Trump Entertainment Resorts casinos he's trying to buy out of bankruptcy.




He also won a $10 million interest payment in the transaction.

The billionaire investor, who previously owned 51 percent of the mortgage issued by Dallas-based Beal Bank, agreed last week to buy the remaining 49 percent at a 7.5 percent discount, according to court documents.

Icahn and Texas billionaire banker Andy Beal are facing off against Trump Entertainment bondholders and Donald Trump for ownership of the company's three Atlantic City casinos. Icahn wants to convert the mortgage into ownership of the casinos.

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Trump SoHo not SoSo

The Trump SoHo hotel and condominium has too many vacancies.


The 46-story building is scheduled to open April 9 in Manhattan. Sales were initially brisk, but only about a third of the 391 units are now in contract. What's more, it isn't clear how many of those will actually close, because that process won't begin until the hotel opens.

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Trump Hotel Collection expands into SOHO & Panama.

Continued aggressive growth includes recent opening of Trump International Hotel Waikiki Beach Walk with renovation NYC flagship; Toronto to Open in 2011.

Trump Hotel Collection will add two new properties to its growing portfolio this year, on the heels of its successful opening in Waikiki and in the midst of a $30 million refurbishment of its flagship New York City property.

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Trump Sued For $10 Million Over Never-Built Condos

A group of seven individuals filed suit against Donald Trump, Donald Trump Jr., Ivanka Trump and others for fraud, negligence, accounting and other counts regarding a hotel condominium complex in Baja.

The plaintiffs are seeking at least $10 million dollars in damages.

In court documents obtained by RadarOnline.com, the lawsuit states, "Plaintiffs are a group of individuals who were duped into buying hotel-condominium units that were never built. With the complicity of defendants, the developers of the units depleted Plaintiff's deposits - even though they never broke ground on the project, much less obtained the necessary building permits or construction loans.

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The Donald goes Hawaiian with Waikiki hotel

HONOLULU -- When you hear the name Donald Trump, you think New York. Maybe Atlantic City.

But not Hawaii. Yet, there was that name sprouting among the urban canyons of Waikiki.

The Trump International Hotel & Tower at Waikiki is the newest -- and perhaps for a time, last -- major addition to the famed Oahu skyline. A sparkling new addition to Waikiki for those who see the skyscraper rimmed beachfront as America's answer to Copacabana Beach in Rio

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Icahn Backs Beal Bid for Bankrupt Trump Entertainment

Dec. 11 (Bloomberg) -- Carl Icahn agreed to buy most of bankrupt Trump Entertainment Resorts Inc.’s bank debt, pitting the billionaire investor against a bondholder reorganization plan for the casino operator supported by Donald Trump.

Icahn affiliates will buy Beal Bank’s secured loan, which is first in line among creditors, and agreed to back the lender’s reorganization plan for Atlantic City, New Jersey-based Trump Entertainment, according to a statement today.

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