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Trump: 'Plaza doing great!' (Donald Trump, Plaza Hotel)

Trump: |Plaza doing great!'

The Plaza "is not for sale," said Donald Trump in response to an REW article about financial woes at the Plaza Hotel (June 19).

According to the head of the Trump Organization, the financial statements discussed in the article were not current statements and do not accurately reflect the hotel's resources at this time.

"The hotel's doing great," Trump said. "We're doing tremendous business."

The financial statements were old statements, he said, and relate to conditions and costs prior to and during renovations which were made in 1990. A number of rooms were unusable during that time, Trump added, and certain meeting rooms were being refurbished as well. He said the renovations are now complete. Trump has also made another payment on the Plaza.
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Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Weiss, Lois
Publication:Real Estate Weekly
Date:Jul 10, 1991
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