Trump pulls out of troubled Rio hotel
Rio de Janeiro – 15 December 2016
The Trump Organization has pulled out of a hotel venture in Rio de Janeiro that is part of a criminal investigation in Brazil, with a Trump Hotels spokeswoman citing construction delays and differences in vision.
The Trump Hotel Rio de Janeiro, a beachfront property with 170 rooms near where the Olympic Park was located, was managed by the real estate company of president-elect Donald Trump,
although no money from the Trump Organization was invested in the project, Reuters reported.
“Unfortunately, the developers of the Rio de Janeiro hotel are significantly behind on the … Read More