Trump To Start Marketing US$2 Billion Dominican Tourism Project

- May 15, 2007

SANTO DOMINGO - United States real estate mogul Donald J. Trump will come to the Dominican Republic Friday to launch the sales of his "Trump Farallón Estates At Cap Cana," a project where investments are expected to reach nearly US$2 billion. The press release says Trump’s children Donald Trump Jr and Ivanka Trump will accompany him. On February, Cap Cana S.A. signed a dealt with Trump to develop and maret in luxury product in the Dominican Republic, including a golf course, condo-hotel, beach club, golf villas and lots, seafront residences and apartments, which together will be called "Trump at Cap Cana."

Cap Cana said the first development is the "Trump Farallón Estates at Cap Cana," of 68 lots from 6,000 to 24,000 square meters, located on a promontory 200 feet above sea level, on the Caribbean. Real estate promoters consider Cap Cana’s more than 120 million square meters the Caribbean’s most important development in tourism real estate, boasting white sand beaches and crystalline waters. When its master plan is concluded, Cap Cana will boast more than 5,000 residential units and four luxury hotels. It will include three Jack Nicklaus-designed golf courses with the first, Punta Espada, inaugurated earlier this year. Two weeks ago, its promoters inaugurated the Caribbean’s most complete and modern marina with a capacity, in his final phase, for more than 1,000 slips for yachts of various sizes, including mega yachts.

Trump has properties in New York, Las Vegas; Chicago; Miami; Los Angeles; the Caribbean; Hawaii; New Jersey; Scotland; Dubai; and from now in the Dominican east region.

City OKs Trump Condo-Hotel In Soho

- May 8, 2007

Donald Trump has his condo-hotel. After a year-long debate, the city finally approved construction plans on Monday for the 45-story Trump SoHo Condo-Hotel at 246 Spring Street. The planned project, backed by the Trump and the Sapir organizations, would be the first hotel in New York in an area specifically zoned for manufacturing. The plans were approved despite the protests of politicians and a coalition of community and business groups who maintain that the condo-hotel violates the zoning of the site, which prohibits any residential usage. "There's a specific and philosophical problem with it," City Council Speaker Christine Quinn told The Observer in November. "Specifically, I think it's too large and out of context. Philosophically, I don't like the idea of having loopholes in manufacturing zones."

Mr. Trump originally applied for permits for construction last May, but was rejected due to the presence of kitchens in the condo-hotel, a sure sign it would be more condo-like (and, therefore, not enough hotel-like). A year later, after wrangling with public officials and activists, Mr. Trump has finally gotten the approval he knew would come. Andrew Berman, the head of the Greenwich Village Society for Historic Preservation, vowed to find new ways to fight the project.

Trump Purchases Site For Tower In Israel

- June 26, 2006

JERUSALEM: Donald Trump said Sunday that he had completed buying property in Ramat Gan, Israel, and planned to build a 70-story luxury- housing tower that would become the tallest building in Israel.

Trump, a billionaire developer, said the $300 million project would be his first development in Israel. The structure is planned in partnership with Crescent Heights Investments, which is based in the United States. The tower is planned on the site of the old Elite chocolate factory, adjacent to the Israel Diamond Exchange. "I am confident that Israel's future can only go one direction, and that is up," Trump said, adding that he had negotiated for the site for more than a year. "We are developing a signature landmark property so impressive that it will set a new standard for luxury condominium living in Israel." Rising demand and a lack of supply have resulted in increasing real estate prices in Israel, HSBC Holdings said in a recent report. The upper end of the market and properties in the sought-after central portion of the country, in cities like Ramat Gan, are the main beneficiaries of this trend, according to the report. Strauss-Elite, the food maker, agreed in March to sell the site to Trump for $44 million.

Trump Surfaces With New Project

- February 9, 2006

Donald Trump and international investment and development company Bayrock Group LLC are planning a luxury high-rise condominium hotel project in Denver. The firms have decided to focus their efforts on developing a single tower instead of becoming involved with the larger mixed-use Union Station project. Details about the project were not immediately available. "While it is our belief that the Union Station project will be a phenomenal success and a fantastic addition to the vibrant Denver landscape, we have determined that a single-tower, five-star development is a more focused opportunity for us now," The Trump Organization CEO Donald Trump said in a news release on Thursday. The announcement was made after The Trump Organization and its development team were cut from a list of potential developers vying to head the Union Station redevelopment project. Denver city officials said the Trump team was eliminated for being "nonresponsive" to a request for information about the well-known real estate mogul and entrepreneur's qualifications. The Trump group submitted a six-paragraph letter, compared to other groups that submitted nearly 100-page proposals.

Trump's team took the opportunity to make a gracious rebuttal in its news release announcing the team's own project. "We would like to thank the City of Denver and the professionals working diligently on the Union Station redevelopment plan for the opportunity to participate in the RFQ process. We also wish the remaining contenders continued success in their endeavors," said Bayrock Group Chairman Tevfik Arif. New York-based Bayrock Group is an international real estate investment and development company. The Trump/Bayrock team is considering other developments in Colorado with Denver-based partner Barry Group Investments. Former Denver Bronco Odell Barry is principal of Aurora-based Barry Group Investments. He has more than 25 years of experience in real estate development and consulting, and more than 30 years in real estate sales, leasing and management.

Nine teams still in the running to take a lead on the Union Station project are: Alexander Co., Cherokee Investment Partners, Continuum Partners, Corporex Colorado, Denver Crossroads Developers, Forest City, Union Station Development, Shea Properties and Williams Jackson Ewing.

Details Of Nakheel/Trump Dubai Project Revealed

- October 16, 2005

Nakheel, developer of more than USD 30 billion in real estate in Dubai, and The Trump Organization have revealed their plans for The Palm Trump International Hotel and Tower; both companies will be investing substantially in the pioneering USD 400 million condo-hotel development. Spanning 5km in length and 5km in width, The Palm Jumeirah is one of the world's largest man-made islands, creating the shape of a palm tree in the Arabian Gulf. The Palm Trump International Hotel and Tower will provide a spectacular luxury centre piece hotel on The Golden Mile - the exclusive residential and retail boulevard on the trunk of The Palm Jumeirah. It will pioneer the condo-apartment hotel concept in the region. The development will feature approximately 500 apartments (1/2/3 bedroom studios and penthouses), which can be bought to own, and each residence will have the luxury of access to five-star hotel services and amenities. The development will be the first project in Dubai where each room, on the entire 360 degrees of the tower, will be guaranteed a sea view. The development will also include a selection of high-end boutiques, fine dining, signature roof top restaurants, bars, swimming pools, and a luxurious spa and health club.

The Palm Trump International Hotel and Tower is the initial development in Nakheel and The Trump Organization's exclusive joint-venture in the Middle East. The Trump Organization's agreement with Nakheel includes exclusive rights for 19 countries in the Middle East region and 17 major brands. The Trump Organization will be investing substantial sums directly in the projects, and will have sales, marketing and management responsibility for each real estate development, including introducing The Trump Touch concierge services to the UAE. Sales for The Palm Trump International Hotel and Tower are expected to launch at the end of 2005 with a ground-breaking ceremony in Dubai.

Donald Trump, The Trump Organization's Chairman and President, said, "I am delighted to invest, manage and sell this project on what is clearly the best location in Dubai. When I look at potential sites for real estate investment, I concentrate on 'location, location, location' - and this is not only the best location in Dubai, but the whole of the Middle East." The hotel will offer a unique opportunity to own an elegantly appointed hotel suite on Dubai's world famous Palm. The hotel will serve as the perfect pied-a terre for those who like a second, or even third home, but without the responsibility of maintaining a residence. These superb accommodations may be purchased for personal or corporate use and occupied as much or as little as desired. When in residence, owners will have full access to the exceptional five-star amenities and incomparable services to this truly luxurious hotel. When not occupied, owners will have the option of making their room available as part of the hotel. The program is highly flexible with no minimum or maximum stays required. Each hotel guestroom will be purchased, which owners may sell or transfer at any time in the future. Whether an owner occupies the unit or places it for rent, the Hotel will manage and maintain all guestrooms with the highest level of service and in the most exclusive surroundings.

"Our designers and architects will be engaged closely with Nakheel on the design and interior finishes of the building to ensure the quality is of the absolute highest standards." Sultan Ahmed bin Sulayem, Executive Chairman Nakheel, said, "With The Palm, Jumeirah development, Nakheel is creating an icon for the twenty-first century, and it is entirely fitting that The Trump Organization is a key player and investor in realizing this vision. The Trump Organization has built its reputation on providing first class, luxury developments - The Trump International Hotel and Tower in New York is one of only three hotels in the USA to have received a double Mobil Five-Star rating for both the hotel and its restaurant. It is this quality of development that Nakheel is attracting on to The Palm, Jumeirah.

"Nakheel prides itself on the unique and innovative nature of its projects, and The Palm Trump International Hotel and Tower will not only incorporate an iconic, eye-catching design, the first such development with sea views from every room in the entire 360 degrees around the tower, but the condo-apartment hotel concept is also a pioneering one for the region, which offers potential investors something a little different." The tower's iconic "tulip" design will incorporate a state-of-the-art exo-skeleton frame, which will minimize the number of internal structural columns, thus maximizing floor space and ensuring uninterrupted views of both The Palm and the Arabian Gulf throughout the tower.

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