Donald Trump’s five-star signature hotel brand has just taken another hit.
CEO Eric Danziger, who was hired by Trump Hotels in 2015 to help grow the business, announced he’s leaving the company amid a series of criminal and civil investigations into the ex-president and his family.
In an email to employees, the 67-year-old executive thanked the Trumps for being “incredibly supportive,” adding, “I will always cherish my time here.”
Somehow, we find that hard to believe.
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Danziger’s tenure with Trump Hotels was overshadowed by one political scandal after another, including several congressional and law enforcement investigations, plus a pandemic that wiped out the hospitality industry, and, oh yeah, a failed coup d’etat inspired by the very guy who signed his paychecks.
Related: Yet another one of Trump’s properties is in dire financial straits with no hope in sight
His departure comes at a time when Trump’s hotel brand, which was once the ex-president’s bread and butter, appears to be in a freefall.
The New York Times reports:
Since 2017, the Trump name has come off hotels in New York, Toronto, Panama, Vancouver and, soon, Washington, as once-lucrative deals were canceled or sold. Trump hotels, for decades a defining feature of the former president’s global real estate business, have dwindled to seven properties. Any immediate hope of rebuilding the hotel brand after Mr. Trump left office was likely undone by the fallout from the Jan. 6 attack on the Capitol, as many companies parted ways with the Trumps.
Last year, the House Oversight Committee revealed that, during his four years in office, Trump’s D.C. hotel racked up more than $70 million in losses, even though he claimed publicly that it made over $155 million. Not only that, but it received millions from foreign governments in payments and loan deferrals, which he didn’t disclose.
Related: Embarrassing news for Trump’s bankrupt Vancouver hotel and its “Spa by Ivanka”
Danziger is just the latest high ranking Trump Organization official to take a step back from the company. Last year, longtime CFO, Allen H. Weisselberg, lost his title after he was indicted on tax fraud charges.
Graham Gremore is the Features Editor and a Staff Writer at Queerty. Follow him on Twitter @grahamgremore.
Invader7
Grifters ALWAYS screw themselves. They deep down KNOW they’re worthless POS !!!
SPEEDOSWIMMER
Amen!
white-queer-african
Lol. Lol. Lol.
The orange man a failure once again.
What is horrific is that the fürher is revered by 40+ % of the American population.
Speaks volumes!
And before SamB et al attacks me. Something I very seldom raises. I have a PhD in international political studies!
So SamB et al GTF back into your cave. Read trailer.
The Accidental Polemicist
“Something I very seldom raises [sic]. I have a PhD in international political studies!”
Money well spent.
white-queer-african
The Accident was when u were conceived dear.
NateOcean
A PhD you say?
Let me guess: from Trump University?
daytripper
Did you get your “PhD” from Dr Phil’s school of linguistics?
NateOcean
“linguistics” and “cunnilingus ” are two different things.
Thad
I’m no Trumper. And he’s done lots of bad business. But Trump hotels in New York, Chicago, Las Vegas, and Honolulu are doing just fine.
SPEEDOSWIMMER
Show concrete proof.
Den
Sensible folk would trust a statement in a newspaper of note over that of an anonymous poster on a Queerty comments page.
Cam
“I’m no Trumper” usually said right before posting a lie defending Trump.
THAT Steve
‘I’m not a Trumper but’ is the new ‘I’m not a racist but’.
scotshot
@THAD You are so right!!! The love for Trump in New York City is higher than ever!!!
Kangol2
People in NYC hate Don the Con! He barely shows his face in New York, where he’s under multiple investigations. New York and New Jersey would both be better off if he never set foot in either ever again!
CNY1983
another crock of shit from a log cabin melania trump-video praising republican.
mailliw110
I think your sarcasm went over there heads.
Ginger Tom
Trump needs to significantly alter his income streams. His golf clubs, hotels and other properties do not attract people who like him and so lose money. Members of his political base do not have the wealth or status to consider such visits and are therefore largely excluded from such businesses. Trump would see them as undesirable people anyway, not fit to be allowed in.
However if he monetizes his political celebrity e.g. with a run for President, he can panhandle vast small dollar amounts even if he decides to pull out of the race in the end and pocket the funds. My own view is that he should become a TV evangelist for the White Christian Republican mainstream and if he did I am sure he would make an absolute fortune.
johncp56
And the people have spoken!, do we all remember the coop owners that voted to have his name taken off their building when he was shoved into our faces in 2016 I did lol still laughing at that loser