Industry Update
Press Release23 November 2017

Trump Hotels and Condominium Association Announce Management and License Contract Buyout for the Trump SoHo Hotel

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Trump International Hotels Management and the Board of the Trump SoHo Condominium New York announced today the buyout of the remaining term of the management and license agreement of the Trump SoHo Hotel located at 246 Spring Street in Manhattan. The transition is anticipated to take place by year-end.

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"The hotel has achieved high ratings and earned many accolades including the prestigious AAA Five-Diamond award for five consecutive years under the management of the Trump Organization and the impressive efforts of the hotel's employees," said Gil Keinan, Vice President of the Board.

"Under the seasoned management of the Trump Organization, the hotel has been established as one of the finest in New York City with recognition among top critics, including Conde Nast Traveler Magazine and Forbes Travel Guide. We recognize and sincerely appreciate their contributions to this exceptional asset and the strong working relationship we have with the Trump Organization," said Bill Doak, 1st Vice President, Hotels of CIM Group, the majority owner of units in the Condominium.

"The Board and CIM have been first class in every regard. We have truly enjoyed our relationship and look forward to exploring new opportunities in the future," said Eric Danziger, CEO of Trump Hotels. "Over the past several years, Trump Hotels has expanded into a multi-dimensional hotel group, and we look forward to continuing that expansion into new domestic markets," he added.

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TRUMP Hotels

Trump Hotels™ is a family enterprise with a history of providing extraordinary customer experiences. The brand's exceptionally designed hotels in iconic locations put guests at the heart of each destination.
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Other Brands operated by Trump
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About TRUMP HOTELS™

Trump Hotels™ is a brand of five-star luxury hotels and resorts with a mission of providing extraordinary customer experiences and luxury accommodations. Its exceptionally designed hotels in iconic locations put guests at the heart of each destination. Each property provides a variety of offerings including signature programs designed with the guest in mind, and every hotel has a distinct design that is culturally-relevant, with iconic architecture that is contextual to the destination. The brand's "Never Settle" philosophy permeates its everyday work culture, with dedicated leaders and talented associates priding themselves on impacting the guest experience with exacting standards and keen attention to detail. Reservations can be made at www.trumphotels.com.

About TRUMP CARD® PRIVILEGES PROGRAM

The Trump Card® Privileges Program creates exceptional experiences, while adding value for our most loyal guests. The complimentary loyalty recognition program offers exclusive member benefits, including personalized stay preferences, priority early check-in and late check-out, first stay welcome amenities, complimentary room upgrades, the ability to earn points toward future stays at our luxury hotels and resorts, and greater levels of recognition at the Gold and Platinum status levels. For more information, visit www.trumpcard.com.

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