The Trumps are cutting ties with the five-star Trump SoHo hotel after business plummeted post-election




 

Sarah Jacobs/Business Insider


Trump SoHo - the Trump Organization-run, five-star Downtown Manhattan hotel - will no longer carry the Trump name or be affiliated with the family.

Jessica Rinaldi/Reuters

On Wednesday, the Trump Organization reached a deal to allow the company to cut ties with the property, The New York Times reported.

According to The Times, the hotel has struggled to fill rooms and sell condominiums as President Donald Trump has risen in political prominence.

Koi, a restaurant located in the hotel, closed earlier this year after a reported drop in business following Trump's win in the 2016 election.

"Before Trump won we were doing great. There were a lot of people we had, our regulars, who'd go to the hotel but are not affiliated with Trump," Jonathan Grullon, a busser and host at the restaurant, told New York Magazine's GrubStreet. "And they were saying if he wins, we are not coming here anymore."

Another restaurant worker told GrubStreet that, following the election, "the Kardashians stopped coming" - and business plummeted. While Suzanne Chou, Koi Group's general counsel, "declined to speculate" why business declined, she said that "obviously since the election it's gone down."

A new restaurant called Spring & Varick recently opened in the space that formerly belonged to Koi.

Earlier this year, WNYC reported the five-star hotel was planning to lay off workers and reduce some of its services.

The hotel will continue to be owned by CIM, an investment firm in California. Now, however, the Trump Organization will no longer manage day-to-day operations or brand the hotel under the Trump name.

In 2010, the Major Economic Crimes Bureau of the Manhattan District Attorney's office opened an investigation into Ivanka and Donald Trump Jr. for reportedly misleading buyers in the Trump SoHo project. Manhattan District Attorney Cyrus Vance Jr. dropped the case after receiving a donation from the Trump Organization's lawyer, Marc Kasowitz, as ProPublica reported in October.

NOW WATCH: I spent a day trying to pay for things with bitcoin and a bar of gold

See Also:

SEE ALSO: Ivanka and Donald Trump Jr. were once under investigation by the DA for a failed condo project

COMMENTS

More Related News

Chelsea Clinton: Trump Degrades 'What It Means To Be An American'
Chelsea Clinton: Trump Degrades 'What It Means To Be An American'

Chelsea Clinton skewered President Donald Trump's character in a recent

North and South Korean leaders hold surprise 2nd summit
North and South Korean leaders hold surprise 2nd summit

North Korean leader Kim Jong Un and South Korean President Moon Jae-in met for the second time in a month on Saturday, holding a surprise summit at a border truce village to discuss Kim's potential meeting with President Donald Trump, Moon's office said. Kim and Moon met hours after South Korea

Trump takes steps to ease firing of federal workers
Trump takes steps to ease firing of federal workers

President Donald Trump on Friday signed a trio of executive orders to overhaul the federal bureaucracy by making it easier to fire federal workers for poor performance and misconduct, requiring that departments and agencies negotiate better union contracts and limiting the amount of time certain federal

'Not animals': Guatemala family mourns niece killed by U.S. Border Patrol
  • US
  • 2018-05-26 01:43:07Z

By Sofia Menchu GUATEMALA CITY (Reuters) - The family of a 19-year-old Guatemalan woman killed by a U.S. border patrol officer called on Friday for the United States to dial-back its rhetoric on migrants, after President Donald Trump described gang members entering the country as "animals." The woman, identified by her family as Claudia Gomez, was shot on Wednesday in south Texas by an officer who opened fire after several people "rushed him," the Border Patrol said in a statement on Friday. The agency, alternately describing them as "illegal aliens" and "a group of suspected illegal aliens," said Gomez was among them.

Source: Trump administration has cut deal with China
Source: Trump administration has cut deal with China's ZTE

The Trump administration has told Congress that it's reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter said Friday. A resolution of the ZTE case could

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Economy

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.