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Eugene

(61,894 posts)
Fri Jan 4, 2019, 10:02 AM Jan 2019

Trump's sons are running the business -- and their big hotel expansion is at a standstill

Source: Washington Post

Trump’s sons are running the business — and their big hotel expansion is at a standstill

By Jonathan O'Connell and Justin Vicory January 4 at 7:30 AM

Shortly after Donald Trump entered the White House, his eldest sons announced ambitious plans to open a new line of hotels called Scion that would target young, hip customers mostly in places where their father had proven popular with voters.

The first Scion would open in the Mississippi Delta in early 2018. A second line of hotels, called American Idea, would soon follow, with three in Mississippi and more than a dozen elsewhere. In all, the Trump Organization said it had preliminary agreements to open 39 new properties.

This was the brothers’ primary and boldest idea for expanding the family business — a push into markets that it had long overlooked, they said.

A year and a half later, progress has been slow. The first Scion, in Cleveland, Miss., remains nearly a year from completion. The first two American Idea hotels, in the same area, will not open until later this year.

And no projects outside of Mississippi have publicly materialized, giving Donald Trump Jr. and Eric Trump little to celebrate following a two-year stretch overseeing their father’s business. During that time, the company became the target of federal court cases and lost deals in some markets after partners complained about the brand.

-snip-


Read more: https://www.washingtonpost.com/business/economy/trumps-sons-are-running-the-business--and-their-big-hotel-expansion-is-at-a-standstill/2019/01/03/d7016168-f96a-11e8-8c9a-860ce2a8148f_story.html
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Trump's sons are running the business -- and their big hotel expansion is at a standstill (Original Post) Eugene Jan 2019 OP
Two points underpants Jan 2019 #1
The average time to build a MacDonalds is about one year. JayhawkSD Jan 2019 #3
Okay underpants Jan 2019 #4
From the article ... marble falls Jan 2019 #2

underpants

(182,803 posts)
1. Two points
Fri Jan 4, 2019, 10:06 AM
Jan 2019

Where’s the funding coming from?
A year to build a hotel? Hell they are slapping those things up left and right. McDonalds doesn’t redesign anymore they just tear it down and rebuild usually in 6 months or so. About the same for a China Panda I watched go up after tearing down another commercial property.

 

JayhawkSD

(3,163 posts)
3. The average time to build a MacDonalds is about one year.
Fri Jan 4, 2019, 11:16 AM
Jan 2019

It can be as much as two years. It only takes six months or so to tear down and rebuild, but the planning and permitting stage can take 6-12 months.

A hotel is more like 8-10 years. Planning and permitting, environmental impact reports and such, usually takes several years. Permitting takes 2-3 years or so. Construction takes anywhere from 2 to 5 years or more.

I really don't care whether or not Trump's sons can or cannot build a hotel. The topic is trivial. But comparing the building of a major hotel to the building of a MacDonalds is like comparing building the Gerald Ford class aircraft carrier to building a 12' dinghy in your back yard.

marble falls

(57,083 posts)
2. From the article ...
Fri Jan 4, 2019, 10:41 AM
Jan 2019

Eventually the 100-room hotel, half-completed on a 17-acre site, will be surrounded by 10 other buildings for restaurants and event space in a complex costing more than $20 million. Chawla estimated he would spend $5 million more than he originally planned.

“They looked at all our plans, and they liked the basic layout of the hotel, but they did not find our meeting space functional,” Chawla said. “They worked with us around how it could be restructured.”

Chawla, whose father was a refu­gee in India before emigrating to Canada and then the United States, said he is pleased with the changes because to succeed the project needs to become a destination for tourists and meeting business. The starting room rates for Scion hotels are expected to run $200 to $300 a night.

Many locals may not be able to afford to stay there, as 59 percent of households in surrounding Bolivar County make less than $35,000 a year. While the area attracts tourists in search of blues music, three other new hotels are in the works in Cleveland even though the town — surrounded by soybean and cotton fields — is home to just 15,800 people.

“We need to grow the pie,” Chawla said. “If we just capture the current Cleveland visitors’ market, we’d be going into bankruptcy.”


Local tourism officials are bullish on the property, located less than a mile from the Grammy Museum that opened in 2016 and Delta State University.

“I think it’ll draw people in, having a nice hotel. We’ve seen over the last three or four years a boost to tourism with the Grammy Museum,” said Judson Thigpen, executive director of the Cleveland-Bolivar County Chamber of Commerce.



Taking bets on how quickly this will sink - IF it even opens.

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