Trump Shares Secrets of Hotel Development at ALIS
He won’t admit it in public, but in his heart Donald Trump is a hotelier first and foremost. At this week’s Americas Lodging Investors Summit, America’s most-famous businessman gave a bombastic and ego-driven, but passionate speech on virtues of hotel development and ownership.
“Trump Hotels is a diamond in our organization, but it’s not our main business,” said Trump. “It’s more a labor of love for me and my family.”
Trump has a long history in the hotel business, first as the developer who in the late 1970s gutted the former Commodore Hotel in New York City and rebuilt it as the Grand Hyatt New York. Next step was the 1997 opening of the Trump International Hotel & Tower at Columbus. The Trump Collection now includes six properties, with the next to open next week in Toronto. Trump’s group also operates a string of luxury golf clubs. (In typical Trump manner, during his speech he mentioned four or five of his courses, each of which he impossibly claimed as “the number-one golf course in the world.”)
Not surprisingly, Trump has a lot of strong convictions about real estate development and the hotel business. A strong, highly recognizable brand is key, especially if it’s the Trump brand, at least judging by his own accolades of the Trump name. “A really strong brand can help a developer overcome a lot of issues, including zoning, financing and others,” he said, crediting his “Apprentice” TV franchise as part of the success in creating the power of the Trump brand.
While his speech included a lot of “I,” “me” and very little “we,” he offered what he considers to be the other key elements for successful luxury hotel development:
To continue reading the piece, go to LHOnline.com.
Previously, from ALIS:
Acceptable Use Policy blog comments powered by Disqus
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
advertisement
Photo Galleries
New York's Star Deals
The city that never sleeps is also the city that never stops growing, not even in the midst of recession. And deals, both bold and unprecedented, continue to be done. Check out image of New York's big deals.
Hudson Yards Development
Check out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-
Videos
JLL at ICSC 2012
Check out these videos from JLL at ICSC 2012 in Las Vegas...
Click here to view more videos.
This Week's Most Popular
Current Issue
|
|
advertisement
Blogs
![]() |
Real Vox |
![]() |
Traffic Court |
![]() |
The Full Nelson |
Events
![]() |
|---|
Strategic Real Estate Investment ConferenceDate: Thursday, June 7, 2012 Click here to view more events... |









