Trump Organization No Longer Opening Two Planned Hotel Chains

The Trump Organization announced Thursday it has temporarily abandoned plans to open hotels under its Scion and American IDEA brands due to circumstances beyond its control, including the volatile political environment.According to The Associated Press, the Scion and American IDEA brands were scheduled to serve budget and mid-priced travelers, with the Trump Organization announcing in 2017 that nearly two dozen developers had already signed letters of intent to open hotels under the brands.MORE Hotel & Resort “We live in a climate where everything will be used against us, whether by the fake news or by Democrats who are only interested in presidential harassment and wasting everyone’s time, barraging us with nonsense letters,” Eric Trump said in a statement “We already have the greatest properties in the world and if we have to slow down our growth for the time being, we are happy to do it.”The decision to abandon the project comes as hotel industry experts say the Trump brand has lost some of its appeal due to politics and other Trump Organization golf properties have reported losses.“In today’s politically charged environment, everyone is cautious,” hotel consultant Lee Hunter told The AP.When United States President Donald Trump was sworn into office, he handed the power of the Trump Organization over to his sons Eric and Donald Jr. and agreed not to pursue new business deals overseas. As for the domestic arrangements the company could still make, they had to be vetted by a lawyer to ensure no legal issues were conflicting with his presidency.