Quote:
Originally Posted by Mick
Indeed it was his businesses that got bankrupted.
---------- Post added at 11:41 ---------- Previous post was at 11:34 ----------
Incidentally, it came across my attention last night that the Trump International Hotel in Vancouver, Canada, that opened in 2017, has had to permanently close due to heavy losses and Covid. That said, after further digging, that hotel wasn’t actually run by Trump Organization, merely the company that ran it, used Trump brand on a license based agreement.
|
That’s very common in hotels, especially American owned ones. It’s a franchise arrangement. They pay Trump a wad and in return they get a ready made operations manual, branding and other designs, and permission to use a famous name that attracts more customers.