Marketplace Logo Donate

Daily business news and economic stories from Marketplace

Business activities of the president of the United States

A coat of arms at Mar-a-Lago in Palm Beach, Florida.  DON EMMERT/AFP/Getty Images

Subscribe to our Newsletters

In a matter of days, President Donald Trump has hit the ground running with executive orders freezing hires in the federal government, re-starting the construction of the Dakota Access Pipeline, and more.

The companies within the Trump portfolio have also experienced a flurry of recent activity. Eric Danziger, the CEO of Trump International Hotels Management LLC, the president’s hotel management company, had an interesting announcement to make.

At the American Lodging Investment Summit in Los Angeles today, he said “there are 26 major metropolitan areas in the United States, and we’re only in five. I don’t see any reason why we shouldn’t be in all of them eventually,” according to a report from Bloomberg. That would triple the number of Trump-owned hotels in the country. Danziger also added that the expansion plans are expected to happen over the next four to eight years.

 Among other developments in the president’s business activities, the Trump Organization’s Mar-a-lago resort in Florida has doubled it’s initiation, or membership fee to $200,000, according to a report from CNBC. The increase started Jan. 1.

What's Next

Latest Episodes From Our Shows

Listen
Jul 1, 2022
20:04
Listen
Jul 1, 2022
27:05
Listen
Jul 1, 2022
1:50
Listen
Jul 1, 2022
7:20
Listen
Jul 1, 2022
8:00
Listen
Jun 30, 2022
31:02
Listen
Jun 28, 2022
26:17
Exit mobile version