The Trump Organization dropped plans to pursue the opening of two new hotel lines — which were supposed to be reflective of the “next generation of the company,” Eric Trump said in 2017 — due to the current political climate, The New York Times reported.
“We live in a climate where everything will be used against us, whether by the fake news or by Democrats who are only interested in presidential harassment and wasting everyone’s time, barraging us with nonsense letters,” Eric Trump said in a statement, according to the Times. “We already have the greatest properties in the world and if we have to slow down our growth for the time being, we are happy to do it.”
Development of the new chains, Scion and American Idea, will likely be tabled until the end of Trump’s presidency, if not indefinitely.
Read the full Times report here.