LOS ANGELES — Trump Hotels is planning to expand its presence across the United States, with potential new properties including a hotel in Dallas, Bloomberg News reported.
“There are 26 major metropolitan areas in the U.S., and we’re in five,” Trump Hotels CEO Eric Danziger said Tuesday at the Americas Lodging Investment Summit in Los Angeles, according to Bloomberg. “I don’t see any reason that we couldn’t be in all of them eventually.”
Currently, Trump-branded hotels operate in New York, Chicago, Miami, Las Vegas and Washington, D.C. The company is evaluating additional opportunities and has identified cities such as Dallas, Seattle, Denver and San Francisco as potential targets for new developments.
As the brand explores expansion, the Trump Organization has faced scrutiny over conflicts of interest. After Donald Trump became president, he handed day-to-day control of the family business to his sons, Donald Jr. and Eric, while remaining the principal owner. Unlike some previous presidents who chose full divestment or a blind trust to separate personal business from official duties, Trump said such options were not feasible because many of his assets are illiquid. He has also declined to release his federal tax returns.
The company’s stated growth strategy aims to increase its footprint in major U.S. markets, capitalizing on brand recognition and targeting high-demand urban centers. Executives have expressed confidence that Trump Hotels can expand into additional metropolitan areas over time, contingent on suitable development partners, financing, and market conditions.
Industry observers note that expanding a hotel portfolio typically involves negotiating with local developers, securing financing, and identifying appropriate sites that fit the brand’s market positioning. For Trump Hotels, adding properties in cities like Dallas and Seattle would extend its reach into growing business and leisure destinations and diversify its geographic presence beyond its current coastal and major-city holdings.
While the company considers growth opportunities, public attention on the intersection of politics and private business remains a factor for observers and potential partners. Questions about governance and transparency have shaped how the Trump Organization manages its assets while the former president remained in office.
Jan 26, 2017 Realty News Report Copyright 2017