![]() ![]() After two down years, revenue for the first quarter had gone up, according to a letter obtained by The Washington Post. Then this year, the general manager at Trump's hotel on Manhattan's Central Park West (which the Trump Organization manages but does not own) told his investors he had good news. 11, 2001, terrorist attacks to sue the Saudi government. The rooms were used to house people visiting Washington to lobby against a law that the Saudi government opposed - a law that allows victims of the Sept. In early 2017, a lobbying firm working for the Saudi Embassy reported spending $270,000 on food and lodging at Trump's hotel in downtown Washington. Since Trump won the presidency, Saudis have been patrons of three of his 11 Trump-branded hotels. On Trump's financial-disclosure forms, he said none had ever produced income. Trump dissolved the eight shell companies by the end of 2016. Whatever Trump had planned to do in Saudi Arabia, it didn't happen. The Trump Organization did not answer questions about what was planned or if the company was working with a Saudi partner. The names of those corporations - four of which also included the word "hotel" - seemed to indicate Trump was planning a hotel in the city. In August 2015 - two months after he got into the race - Trump established eight new shell companies that included the name "Jeddah." Nawaf sold it in February for $36 million.ĭuring Trump's presidential campaign, he also seemed to be exploring plans to build a hotel in Jiddah, Saudi Arabia's second-largest city, part of an international expansion plan. More recently, Prince Nawaf bin Sultan bin Abdulaziz al-Saud acquired what would become a 10,500-square-foot triplex apartment in a Trump building on the west side of Manhattan. ![]() In 2001, Trump sold the 45th floor of his Trump World Tower, in New York, to the Kingdom of Saudi Arabia for $4.5 million. ![]() "Talal saw him as a profit center," he said, "not as somebody who he was cultivating as a future president." He said Trump was in dire financial straits, so the prince got a good price.īut there was no indication, back then, that Saudis wanted to curry favor with Trump by giving him a better deal, O'Brien said. Tim O'Brien, a journalist who wrote the 2005 biography "TrumpNation," said these deals were one-sided - in the prince's favor. ![]()
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