Trump Tower might not really be a Trump - Hawaii Business

Full story: Honolulu Star-Bulletin

Call a spade a spade, but a lawsuit brought by several buyers alleges that the Trump International Hotel & Tower at Waikiki Beach Walk is not really a Trump.
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1 - 20 of 50 Comments Last updated Sep 10, 2009
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ALAN

AOL

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#1
Jul 14, 2009
 

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CAVEAT EMPTOR-When I was traveling in Baja California I noticed that another condo project with Trump's name on it went defunct, costing many Americans hundreds of thoousands of dollars in lost deposits...Caveat Emptor.
Bruddah in Minnesota

United States

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#2
Jul 14, 2009
 
I think it still is another Hotel/Condo for only those who can afford it, certainly not any of the locals.
It doesn't matter who's name on the building.
Pau

Long Beach, CA

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#4
Jul 14, 2009
 

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It was reported at the time by the local media when Trump won the naming rights to this complex. Any research at the time of this would have revealed it was name only. I don't see any substantial market value by having the Trump name anyway. The Donald has had his issues with real estate business in the past. Bankruptcy comes to mind...

Could it be that the properties bought are not nearly the value now as when they were purchased?
Human Nature

Waimea, HI

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#5
Jul 14, 2009
 

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Pau wrote:
It was reported at the time by the local media when Trump won the naming rights to this complex. Any research at the time of this would have revealed it was name only. I don't see any substantial market value by having the Trump name anyway. The Donald has had his issues with real estate business in the past. Bankruptcy comes to mind...
Could it be that the properties bought are not nearly the value now as when they were purchased?
Undoubtedly. Any excuse to bail. If prices were up, would they be suing anyway? They gambled, and they lost. Now they don't want to accept that.
BOB

United States

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#6
Jul 14, 2009
 

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False advertising by the developer...
get real

Richardson, TX

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#7
Jul 14, 2009
 

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Human Nature wrote:
<quoted text>Undoubtedly. Any excuse to bail. If prices were up, would they be suing anyway? They gambled, and they lost. Now they don't want to accept that.
Agree. These fools losing money big time on their investments and trying to find a legal loophole to get out.
rip

Kailua Kona, HI

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#8
Jul 14, 2009
 

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Is trump Jewish?
nt blnd

Honolulu, HI

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#10
Jul 14, 2009
 
They were duped and now they don't want to own it. Why can't they get their deposit back? And what if they can't for whatever reason afford it now. Take it easy bloggers, you not in their "shoes"!!
Just Saying

Los Altos, CA

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#11
Jul 14, 2009
 

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nt blnd wrote:
They were duped and now they don't want to own it. Why can't they get their deposit back? And what if they can't for whatever reason afford it now. Take it easy bloggers, you not in their "shoes"!!
We are absolutely not in the shoes of Trump Four LLC. A company with the sole purpose of buying units in the Trump Tower to later sell at a profit. It was common knowledge the Donald was not the developer, the only difference now is that people are no longer lining up to buy overpriced luxury condos in Hawaii like they were 12-18 months ago. People misread the market and are now trying to bail out on a bad investment.
Alex

Oklahoma City, OK

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#12
Jul 14, 2009
 

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Don't you mean the Rolls Royce turns into a Chevy?
obama

Honolulu, HI

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#13
Jul 14, 2009
 

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I will bail out all those who are unhappy cause I'm the Happy Preseident
It will now be named after me!!!
Behold" Chimp Towers"
LOOk

Hilo, HI

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#14
Jul 14, 2009
 

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These fools just wanted to flip the property for a profit. Allure next down the street can barely sell any units.
What an insult to compare Rolls Royce to Donald Trump. Trump is more like a Cadillac/GM. They both are American and went bankrupt.
CINDY-KY

Lexington, KY

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#15
Jul 14, 2009
 

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I wish we could go back 10 years and have that area the way it used to be.I know it was outdated but it had charm.What a shame...new and shiney is not "all that".
Stop the Madness

Honolulu, HI

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#16
Jul 14, 2009
 
It still will be the nicest building in the islands, and a welcome makeover of the ugly architecture throughout Waikiki.
Steve

Honolulu, HI

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#17
Jul 14, 2009
 

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I have little sympathy for these profit chasers. I'm glad I'm not in their shoes for principal's sake, but I wish I were in their shoes to be able to have this kind of problem in the first place. Tough having so much money, huh?
retired state employee

Kamuela, HI

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#18
Jul 14, 2009
 
One does not have to go to Las Vegas to gamble. Hawaii has opportunities for you to do it, just tax it! No exemptions at the state or federal level.
Mike

United States

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#19
Jul 14, 2009
 
Imagine Trump together in jail with Madoff??
Island Girl

Honolulu, HI

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#20
Jul 14, 2009
 

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Mike wrote:
Imagine Trump together in jail with Madoff??
Trump did not take money the way Madoff did.
vinagirl

Honolulu, HI

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#21
Jul 14, 2009
 
Duh! same thing happen before people, the name was used as a lisence only! so it's a generic trump! ha ha ha I hope the recovery of monies will be swift. and good luck
vinagirl

Honolulu, HI

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#22
Jul 14, 2009
 
Duh! same thing happen before people, the name was used as a license only! so it's a generic trump! ha ha ha I hope the recovery of monies will be swift. and good luck

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