Trump Organization halts hotel development plans

On Thursday, the Trump Organization announced it would halt its growth plans for its two new hotel chains, Scion and American Idea, which the Trump Hotel Group launched in June 2017, according to the New York Times. A statement issued by the Trump Organization and attributed to EVP Eric Trump pointed to the political climate as the reason development plans were put on hold for the remainders of President Donald Trump’s tenure in office.

“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 via the statement to the Times. “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.”