Difference between revisions of "Foreign Real Estate"
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[[Donald Trump]] signed a licensing deal with the President of Georgia in March of 2011 that would put his name on two proposed towers – the [[Trump Riviera Batumi]] and [[Trump Tower Tbilisi]].<ref>{{Quotation|In a ceremony with caviar and wine at Trump Tower in Manhattan on Thursday, Mr. Trump signed a deal to develop the two tallest towers in the republic of Georgia, the former Soviet state at the nexus of Eastern Europe and Western Asia. Giving his blessing to the deal was Mikheil Saakashvili, the flamboyant, English-speaking president of Georgia. (‘’New York Times’’, [http://www.nytimes.com/2011/03/11/business/global/11donald.html March 11, 2011])}}</ref> Development of the $300 million deal was to be led by [[Giorgi Ramishvili]], a Georgian businessman whose [[Silk Road Group]] was one of the largest companies in the region.<ref>{{Quotation| Any actual construction, if it begins as scheduled in 2013, would be overseen by Giorgi Ramishvili, chairman of the Silk Road Group, one of the largest private investment companies in the south Caucasus region. The deal, which the partners estimate at $300 million, calls for two projects. The Trump Tower Tbilisi would go up on Rose Revolution Square in Georgia's capital. The Trump Riviera would be part of a planned Silk Road complex that includes a casino, an exhibition hall and a marina, in the resort city of Batumi on the Black Sea, near Turkey. (''New York Times'', [http://www.nytimes.com/2011/03/11/business/global/11donald.html March 11, 2011])}}</ref> Trump made no promises to invest his own money in the project, but stood to earn a licensing fee for the use of his name and would have managed the buildings if they ever opened.<ref>{{Quotation| In Georgia, Mr. Trump will license his name, and his company will manage the two properties. He will also work with Silk Road to line up financing for the projects and market the towers. Mr. Trump said that so far he had no plans to put his own cash into the deal. (''New York Times'', [http://www.nytimes.com/2011/03/11/business/global/11donald.html March 11, 2011])}}</ref> | [[Donald Trump]] signed a licensing deal with the President of Georgia in March of 2011 that would put his name on two proposed towers – the [[Trump Riviera Batumi]] and [[Trump Tower Tbilisi]].<ref>{{Quotation|In a ceremony with caviar and wine at Trump Tower in Manhattan on Thursday, Mr. Trump signed a deal to develop the two tallest towers in the republic of Georgia, the former Soviet state at the nexus of Eastern Europe and Western Asia. Giving his blessing to the deal was Mikheil Saakashvili, the flamboyant, English-speaking president of Georgia. (‘’New York Times’’, [http://www.nytimes.com/2011/03/11/business/global/11donald.html March 11, 2011])}}</ref> Development of the $300 million deal was to be led by [[Giorgi Ramishvili]], a Georgian businessman whose [[Silk Road Group]] was one of the largest companies in the region.<ref>{{Quotation| Any actual construction, if it begins as scheduled in 2013, would be overseen by Giorgi Ramishvili, chairman of the Silk Road Group, one of the largest private investment companies in the south Caucasus region. The deal, which the partners estimate at $300 million, calls for two projects. The Trump Tower Tbilisi would go up on Rose Revolution Square in Georgia's capital. The Trump Riviera would be part of a planned Silk Road complex that includes a casino, an exhibition hall and a marina, in the resort city of Batumi on the Black Sea, near Turkey. (''New York Times'', [http://www.nytimes.com/2011/03/11/business/global/11donald.html March 11, 2011])}}</ref> Trump made no promises to invest his own money in the project, but stood to earn a licensing fee for the use of his name and would have managed the buildings if they ever opened.<ref>{{Quotation| In Georgia, Mr. Trump will license his name, and his company will manage the two properties. He will also work with Silk Road to line up financing for the projects and market the towers. Mr. Trump said that so far he had no plans to put his own cash into the deal. (''New York Times'', [http://www.nytimes.com/2011/03/11/business/global/11donald.html March 11, 2011])}}</ref> | ||
− | Georgian President [[Mikheil Saakashvili]] attended the signing of the deal with Trump in New York City, apparently hoping that the agreement would bolster confidence among Western investors.<ref> {{Quotation|For Georgia's president, it was a chance to show that his country, the former Soviet republic, is grand enough to attract the world's best-known real estate developer. And for that developer, Donald J. Trump, it was yet another opportunity to demonstrate that he is world class. [...] Mr. Saakashvili has been eager to draw celebrity foreign investors to show Georgia is again open for business, after the global recession and a war with Russia in 2008 dried up the foreign direct investment that had been propelling the economy. (''New York Times'', [http://www.nytimes.com/2011/03/11/business/global/11donald.html March 11, 2011])}}</ref> For his part, Trump used the ceremony to boast of his foreign policy experience, claiming he was “dealing with one of the great leaders of the world.” <ref> {{Quotation| Trump even touted his meeting with Saakashvili, where the developer signed an investment deal for Georgia's Black Sea resort of Batumi, as proof of his made-for-the-presidency foreign policy credentials. "Of course. I am dealing with one of the great leaders of the world," Trump said, looking over at Saakashvili. (Agence France Presse, March 10, 2011)}}</ref> Local television stations back in Georgia apparently misreported the nature of the deal, wrongly claiming that Trump had agreed to invest in the former Soviet Republic.<ref> {{Quotation|US businessman Donald Trump "plans to invest 250 million dollars in Georgia" and will "certainly" visit Georgia in the near future, the privately owned Rustavi-2 channel reported on 11 March. [...] While all three main national TV channel's presented the move as Trump investing money in Georgia, reports in international media suggest that Trump's will be managing the project and that the starting capital of 250m dollars is being put up by Georgian company Silk Road Group. (‘’BBC Monitoring Trans Caucusus Unit’’, [http://bbcmonitoringlibrary.com March 11, 2011])}}</ref> Georgian economic development officials portrayed the Trump deal as a significant public relations achievement, despite local criticism that it required no personal investment from Trump.<ref> {{Quotation| Local critics were quick to note that although Trump signed a deal to allow the proposed luxury towers to be branded with his name and help raise financing for construction, he didn't actually commit any of his own funds to the estimated $250 million (180 million euro) project. But despite this, the government is optimistic that the US tycoon's celebrity allure could act as an advertisement. "When someone like Trump decides that Georgia is the right place to put his brand name, a lot of other companies will feel comfortable following in his footsteps," said economy minister Kobalia. (‘’Agence France Presse’’, [http://www.thedailystar.net/news-detail-178842 March 20, 2011])}}</ref> | + | Georgian President [[Mikheil Saakashvili]] attended the signing of the deal with Trump in New York City, apparently hoping that the agreement would bolster confidence among Western investors.<ref> {{Quotation|For Georgia's president, it was a chance to show that his country, the former Soviet republic, is grand enough to attract the world's best-known real estate developer. And for that developer, Donald J. Trump, it was yet another opportunity to demonstrate that he is world class. [...] Mr. Saakashvili has been eager to draw celebrity foreign investors to show Georgia is again open for business, after the global recession and a war with Russia in 2008 dried up the foreign direct investment that had been propelling the economy. (''New York Times'', [http://www.nytimes.com/2011/03/11/business/global/11donald.html March 11, 2011])}}</ref> For his part, Trump used the ceremony to boast of his foreign policy experience, claiming he was “dealing with one of the great leaders of the world.” <ref> {{Quotation| Trump even touted his meeting with Saakashvili, where the developer signed an investment deal for Georgia's Black Sea resort of Batumi, as proof of his made-for-the-presidency foreign policy credentials. "Of course. I am dealing with one of the great leaders of the world," Trump said, looking over at Saakashvili. (Agence France Presse, March 10, 2011)}}</ref> Local television stations back in Georgia apparently misreported the nature of the deal, wrongly claiming that Trump had agreed to invest in the former Soviet Republic.<ref> {{Quotation|US businessman Donald Trump "plans to invest 250 million dollars in Georgia" and will "certainly" visit Georgia in the near future, the privately owned Rustavi-2 channel reported on 11 March. [...] While all three main national TV channel's presented the move as Trump investing money in Georgia, reports in international media suggest that Trump's will be managing the project and that the starting capital of 250m dollars is being put up by Georgian company Silk Road Group. (‘’BBC Monitoring Trans Caucusus Unit’’, [http://bbcmonitoringlibrary.com March 11, 2011])}}</ref> Georgian economic development officials portrayed the Trump deal as a significant public relations achievement, despite local criticism that it required no personal investment from Trump.<ref> {{Quotation| Local critics were quick to note that although Trump signed a deal to allow the proposed luxury towers to be branded with his name and help raise financing for construction, he didn't actually commit any of his own funds to the estimated $250 million (180 million euro) project. But despite this, the government is optimistic that the US tycoon's celebrity allure could act as an advertisement. "When someone like Trump decides that Georgia is the right place to put his brand name, a lot of other companies will feel comfortable following in his footsteps," said economy minister Kobalia. (‘’Agence France Presse’’, [http://www.thedailystar.net/news-detail-178842 March 20, 2011])}}</ref> At the time Trump's deal was signed, Georgia was in dire need of foreign investment, which had been sharply plummeting in the wake of Russia’s 2008 invasion and a global financial collapse.<ref>{{Quotation|The deal was a PR boost for the ex-Soviet state which is struggling to lure back foreign investors following its war with Russia in 2008 and the global financial crisis. But statistics published the day after the agreement suggested that Georgia needs more help than the flamboyantly-coiffured US magnate has to offer. Foreign direct investment decreased by 16 percent in 2010 to $553 million (397 million euros), following an even more dramatic fall of 58 percent the previous year, according to preliminary figures from the state statistics office. […] The Georgian economy was propped up by $4.5 billion (3.23 billion euros) of US and EU aid and loans after the 2008 conflict, which maintained stability during the global crisis and enabled a post-war return to growth. (‘’Agence France Presse,’’ [[http://www.thedailystar.net/news-detail-178842 March 20, 2011])}}</ref> |
=== List of Names to Hit === | === List of Names to Hit === |
Revision as of 18:07, 3 April 2017
Contents
- 1 Argentina
- 2 Azerbaijan
- 3 Brazil
- 4 Bermuda
- 5 China
- 6 Cuba
- 7 Dominican Republic
- 8 Egypt
- 9 France
- 10 Georgia
- 10.1 List of Names to Hit
- 10.2 Trump Interest in Georgia Development Reported
- 10.3 Michael Cohen sent to Georgia
- 10.4 Georgian President announces Trump development deal
- 10.5 Georgia Unilaterally Waives Russian Visa Requirements
- 10.6 Trump presented with award during visit to Georgia
- 10.7 Project Details
- 10.8 Local Broadcasts Plug Trump Investment
- 10.9 Trump Claims He Is "Considering" $100 Million Investment in Georgia
- 10.10 Popular Dissatisfaction with Saakashvili Priorities
- 10.11 Hillary Clinton Visited Batumi to Boast of Trump's Project
- 10.12 Georgia Under Saakashvili - No Labor Protections or Minimum Wages, Flat Taxes
- 10.13 Shortly After Trump Deal, Russian Visa Requirements Relaxed
- 10.14 Saakashvili's successful challenger criticized the Batumi deal with Trump
- 10.15 Saakashvili stepped down following electoral defeat
- 10.16 Local Developer Denies Trump Project Sponsored By Government, Denies Rumors of Cancellation
- 10.17 Trump Business Partner Financed Saakashvili
- 10.18 Georgian Business Partner Linked to Former Paramilitary Group?
- 10.19 Silk Road Group Claims Projects Resumed Following Post-Election Suspension
- 10.20 Despite denials, project was suspended from 2012-2016
- 10.21 Silk Road Group announces revival of Trump Tower Batumi
- 10.22 Trump allegedly cancels Batumi project
- 11 India
- 12 Indonesia
- 13 Israel
- 14 Mexico
- 15 Netherlands
- 16 Philippines
- 17 Qatar
- 18 Saudi Arabia
- 19 South Korea
- 20 Switzerland
- 21 St. Vincent and the Grenadines
- 22 Taiwan
- 23 Turkey
- 24 Uruguay
Argentina
Buenos Aires - Trump Tower
Azerbaijan
Baku - Trump Tower
Brazil
Rio de Janeiro - Trump Hotel
Rio de Janeiro - Trump Towers
Bermuda
China
Cuba
Dominican Republic
Egypt
France
St. Martin - Chateau de Palmiers - Excel Venture
Georgia
Donald Trump signed a licensing deal with the President of Georgia in March of 2011 that would put his name on two proposed towers – the Trump Riviera Batumi and Trump Tower Tbilisi.[1] Development of the $300 million deal was to be led by Giorgi Ramishvili, a Georgian businessman whose Silk Road Group was one of the largest companies in the region.[2] Trump made no promises to invest his own money in the project, but stood to earn a licensing fee for the use of his name and would have managed the buildings if they ever opened.[3]
Georgian President Mikheil Saakashvili attended the signing of the deal with Trump in New York City, apparently hoping that the agreement would bolster confidence among Western investors.[4] For his part, Trump used the ceremony to boast of his foreign policy experience, claiming he was “dealing with one of the great leaders of the world.” [5] Local television stations back in Georgia apparently misreported the nature of the deal, wrongly claiming that Trump had agreed to invest in the former Soviet Republic.[6] Georgian economic development officials portrayed the Trump deal as a significant public relations achievement, despite local criticism that it required no personal investment from Trump.[7] At the time Trump's deal was signed, Georgia was in dire need of foreign investment, which had been sharply plummeting in the wake of Russia’s 2008 invasion and a global financial collapse.[8]
List of Names to Hit
Trump Marks Managing Member Corp
Trump Interest in Georgia Development Reported
“ Maia Lomadze, public relations manager of the Silk Road Group, told RFE/RL on June 25 that the Trump Organization will jointly work with the Silk Road Group to invest in business projects in Tbilisi and the Georgian port city of Batumi. Lomadze added that Trump Organization Vice President Michael Cohen will visit Georgia on June 29. [...] Trump reportedly discussed the possibility of investing in Georgia in April during a meeting with Georgian President Mikheil Saakashvili in New York City, where the Trump Organization is headquartered. [...] The Georgian President's Office said Ivana Trump is also planning to invest in Georgia, namely, to set up a multifunctional entertainment center in Batumi. (Radio Free Europe, June 26, 2010) ”Michael Cohen sent to Georgia
|
- ↑
“In a ceremony with caviar and wine at Trump Tower in Manhattan on Thursday, Mr. Trump signed a deal to develop the two tallest towers in the republic of Georgia, the former Soviet state at the nexus of Eastern Europe and Western Asia. Giving his blessing to the deal was Mikheil Saakashvili, the flamboyant, English-speaking president of Georgia. (‘’New York Times’’, March 11, 2011)”
- ↑
“Any actual construction, if it begins as scheduled in 2013, would be overseen by Giorgi Ramishvili, chairman of the Silk Road Group, one of the largest private investment companies in the south Caucasus region. The deal, which the partners estimate at $300 million, calls for two projects. The Trump Tower Tbilisi would go up on Rose Revolution Square in Georgia's capital. The Trump Riviera would be part of a planned Silk Road complex that includes a casino, an exhibition hall and a marina, in the resort city of Batumi on the Black Sea, near Turkey. (New York Times, March 11, 2011)”- ↑
“In Georgia, Mr. Trump will license his name, and his company will manage the two properties. He will also work with Silk Road to line up financing for the projects and market the towers. Mr. Trump said that so far he had no plans to put his own cash into the deal. (New York Times, March 11, 2011)”- ↑
“For Georgia's president, it was a chance to show that his country, the former Soviet republic, is grand enough to attract the world's best-known real estate developer. And for that developer, Donald J. Trump, it was yet another opportunity to demonstrate that he is world class. [...] Mr. Saakashvili has been eager to draw celebrity foreign investors to show Georgia is again open for business, after the global recession and a war with Russia in 2008 dried up the foreign direct investment that had been propelling the economy. (New York Times, March 11, 2011)”- ↑
“Trump even touted his meeting with Saakashvili, where the developer signed an investment deal for Georgia's Black Sea resort of Batumi, as proof of his made-for-the-presidency foreign policy credentials. "Of course. I am dealing with one of the great leaders of the world," Trump said, looking over at Saakashvili. (Agence France Presse, March 10, 2011)”- ↑
“US businessman Donald Trump "plans to invest 250 million dollars in Georgia" and will "certainly" visit Georgia in the near future, the privately owned Rustavi-2 channel reported on 11 March. [...] While all three main national TV channel's presented the move as Trump investing money in Georgia, reports in international media suggest that Trump's will be managing the project and that the starting capital of 250m dollars is being put up by Georgian company Silk Road Group. (‘’BBC Monitoring Trans Caucusus Unit’’, March 11, 2011)”- ↑
“Local critics were quick to note that although Trump signed a deal to allow the proposed luxury towers to be branded with his name and help raise financing for construction, he didn't actually commit any of his own funds to the estimated $250 million (180 million euro) project. But despite this, the government is optimistic that the US tycoon's celebrity allure could act as an advertisement. "When someone like Trump decides that Georgia is the right place to put his brand name, a lot of other companies will feel comfortable following in his footsteps," said economy minister Kobalia. (‘’Agence France Presse’’, March 20, 2011)”- ↑ {{Quotation|The deal was a PR boost for the ex-Soviet state which is struggling to lure back foreign investors following its war with Russia in 2008 and the global financial crisis. But statistics published the day after the agreement suggested that Georgia needs more help than the flamboyantly-coiffured US magnate has to offer. Foreign direct investment decreased by 16 percent in 2010 to $553 million (397 million euros), following an even more dramatic fall of 58 percent the previous year, according to preliminary figures from the state statistics office. […] The Georgian economy was propped up by $4.5 billion (3.23 billion euros) of US and EU aid and loans after the 2008 conflict, which maintained stability during the global crisis and enabled a post-war return to growth. (‘’Agence France Presse,’’ [March 20, 2011)}}
- ↑