The New York Times reports:
In the early months of the Trump administration, with the president no longer running his family business, his eldest sons embarked on a plan to roll out two new hotel lines in dozens of American cities. It reflected the ambitions of “the next generation of the company,” President Trump’s son Eric said at the time.
Now, in a striking reversal, the Trump Organization is no longer pursuing the signature initiative, according to company officials.
Plans for the two hotel chains, Scion and American Idea, are to be shelved indefinitely, most likely for the remainder of the presidency. As a practical matter, that means calling off just one agreement, in Mississippi, though two years ago the Trump Organization said it had as many as 30 potential deals in the pipeline.
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