5/18/2009

Donald Trump recently informed developers of a 24-story tower in Fort Lauderdale, Fla., that he does not want his name on the project. A letter sent by Trump to the developers of the Trump International Hotel and Tower stated that the developers are in default on a licensing agreement. The developer, SB Hotel Associates, could not be reached for comment. Meanwhile, buyers of 30 units in the building have filed a lawsuit against Trump and the developers. They claim they were misled into believing that Trump, as a developer, could not withdraw from the project.

Related Summaries