“They had some meetings,” Donald Trump admitted to Jim DeFede, an investigative reporter for CBS Miami. “While we are not sure whether Cuba represents an opportunity for us, it is important for us to understand the dynamics of the markets that our competitors are exploring.”Įric’s dad was more direct when asked to comment on the Bloomberg story. “In the last 12 months, many major competitors have sought opportunities in Cuba,” he replied. According to Businessweek magazine, they claimed to be going to the island for golfing and bird-watching.īusinessweek asked Donald Trump’s son Eric, then an executive vice president at the Trump Organization, whether these trips had a business purpose. companies to do business on the island.īetween 20, several Trump Organization executives responsible for developing golf properties traveled to Cuba repeatedly. Joe Skipper/Reuters Golfing and bird-watching in Cubaīut just months before the Newsweek report, Trump had been actively seeking to take advantage of Obama’s opening to Cuba, which created a wide range of exceptions to the embargo, including allowing U.S. Trump went to Little Havana, in the city of Miami, to announce that he would tighten restrictions against Cuba. Soon after the article’s publication, Trump was in Florida making campaign promises to “reverse” President Barack Obama’s Cuba policy, which had relaxed restrictions on travel and re-established diplomatic ties. Because they generally oppose any dealings with the Castro regime, the Newsweek story was a political problem. Trump was courting conservative Cuban-Americans at the time. In his defense, Trump argued that although Trump Hotels and Casino Resorts had paid for the exploratory trip, it had done nothing wrong because it did not ultimately invest in Cuba. The story broke in the homestretch of the 2016 U.S.
Kennedy imposed an economic embargo on Cuba in 1962, the Cuban market has been closed to most American companies, including the hospitality sector.īecause their business trip violated the embargo, Seven Arrows advised the Trump organization to disguise its payment to them as a charitable project, according to documents obtained by Newsweek. The goal, a former official with Trump Hotels and Casino Resorts told Newsweek, was to get a jump on the competition if President Bill Clinton opened up Cuba to U.S. There, they met with government officials and business leaders. traveled to Cuba, which was then led by Fidel Castro. Reportedly acting with Trump’s knowledge, representatives from Seven Arrows Investment and Development Corp. In September 2016, when Trump was the Republican presidential candidate, Newsweek magazine revealed that in 1998, Trump Hotels and Casino Resorts hired a consulting firm to explore business opportunities on the island. Know anything about a potential conflict of interest in the Trump administration? DM Josh Voorhees on Twitter or email him at. capital, his name might very well soon be on the side of a building in the Russian one. Given all that, even if the Trumps and the Agalarovs never came as close to actually breaking ground as Emin now claims, a partnership certainly seems plausible given their past dealings. He added: “In Russia, I really prefer Moscow over all cities in the world.”
“Given what I’ve seen in Russia’s real estate market as of late relative to some of the emerging markets, the country seems to have a lot more natural strength, especially in the high-end sector where people focus on price per square-meter,” he said. reportedly told a roomful of Manhattan real estate professionals that he had traveled to Russia a half-dozen times for business in the previous 18 months. listed Moscow among a handful of possible expansion cities for the Trump brand, and the following year, Jr.
That also lines up with remarks Trump and his eldest son, Donald Jr., made roughly a decade ago.
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