CHAIRMAN AND PRESIDENT, THE TRUMP ORGANIZATION
A schoolboy’s dream…a competitor’s challenge. Donald J. Trump is the very definition of the American success story, continually setting the standards of excellence while expanding his interests in real estate, gaming, sports, and entertainment. He is the archetypal businessman – a deal maker without peer and an ardent philanthropist.
In New York City, the Trump signature is synonymous with the most prestigious of addresses. Among them are the world-renowned Fifth Avenue skyscraper, Trump Tower, and the luxury residential buildings, Trump Parc, Trump Palace, Trump Plaza, 610 Park Avenue, Trump World Tower, and the soon-to-be converted Delmonico Hotel at Park Avenue and 59th Street (Trump Park Avenue). Mr. Trump was also responsible for the designation and construction of the Jacob Javits Convention Center on land controlled by him, known as the West 34th Street Railroad Yards, and the total exterior restoration of the Grand Central Terminal as part of his conversion of the Commodore Hotel into the Grand Hyatt Hotel. Over the years, Mr. Trump has owned and sold many great buildings in New York including the Plaza Hotel (which he renovated and brought back to its original grandeur), the St. Moritz Hotel (three times…and now called the Ritz Carlton on Central Park South) and recently, the land under the Empire State Building (which allowed the land and lease to be merged together for the first time in over 50 years).
In 1998, the Trump International Hotel and Tower opened its doors to the world. This 52 story mixed–use super luxury hotel and residential building is located on the crossroads of Manhattan’s West Side, on Central Park West at Columbus Circle. It is designed by the world-famous architect, Philip Johnson, and has gotten the highest sales prices and rentals in the U.S. It is one of only three hotels in the United States that has received 5 Stars from Mobil for both the hotel and restaurant. It has also received the Five Star Diamond Award from the American Academy of Hospitality Services.
Mr. Trump is also the owner of the largest parcel of land in New York City, the former West Side Rail Yards. On this 100 acre property, fronting along the Hudson River from 59th Street to 72nd Street, the biggest development ever approved by the New York City Planning Commission is being built. When completed, this $5 billion project, known as Trump Place, will have 5,700 residential units and more than 5 million square feet of commercial space. Thus far, 4 towers have been completed and are occupied, and two additional building buildings are under construction. There will be a total of 18 buildings on the site.
Other recent acquisitions in New York City include The Trump Building at 40 Wall Street, the landmark 1.3 million square foot, 72-story building located in Manhattan’s Financial District, directly across from the New York Stock Exchange and the tallest building in downtown Manhattan. This purchase, which took place at the depths of the New York City real estate market, is said to be one of the best real estate deals made in the last twenty-five years. In addition, Mr. Trump built 610 Park Avenue (at 64th Street), formerly known as the Mayfair Regent Hotel, which was very successfully converted into super-luxury condominium apartments. Further east, adjacent to the United Nations, construction has been completed on The Trump World Tower, a 90-story luxury residential building … the tallest residential tower in the world. Trump World Tower has received rave reviews from the architectural critics with Herbert Muschamp of the New York Times, calling it “a handsome hunk of a glass tower.” Likewise, Trump World Tower is considered the most successful condominium tower ever built in the United States.
More recently, Mr. Trump announced plans for his first foray into Illinois where he has entered into a joint venture with the CHICAGO SUN TIMES to build a 3 million square foot signature skyscraper, one of the biggest in Chicago, on the banks of the Chicago River, directly west of Michigan Avenue (the most prominent site in Chicago).
In 2002, Mr. Trump purchased the fabled Delmonico Hotel, located at 59th Street and Park Avenue. It is now being developed, in partnership with General Electric, into a state-of-the-art luxury high rise condominium to be named Trump Park Avenue. It is Mr. Trump’s desire to make this the most luxurious building ever built in New York City. Another of Mr. Trump’s new partnership ventures in 2002 includes the $600 million Trump Grande Ocean Resort and Residences in Miami Beach, Florida, and a super-luxury 60 story condominium tower on the Las Vegas strip.
In the gaming arena, The Trump Organization is one of the world’s largest operators of hotels and casinos. The Trump name stands proudly on three world-class casino hotels in Atlantic City, New Jersey. They are also the only five star, five diamond rated hotels in Atlantic City: The Trump Plaza Hotel and Casino on the Boardwalk, the Trump Marina Casino Resort in the Marina District and The Trump Taj Mahal Casino Resort, home of one of the world’s largest casinos and one of the most luxurious casino-hotels ever built. (It also finished the year as the number one hotel in Atlantic City). Additionally, Buffington Harbor, Indiana, is the home of The Trump Casino. Located just outside of Chicago, it is the first casino riverboat among Mr. Trump’s holdings. Most recently, Mr. Trump entered into an agreement with the Twenty-Nine Palms Band of Luiseno Mission Indians to manage the Trump 29 Casino in Palm Springs, California, his first foray into gaming on the West Coast.
Mr. Trump’s portfolio of holdings also includes Trump National Golf Club in Briarcliff Manor, NY, a signature Fazio golf course/housing development, and a 250 acre estate known as the Mansion at Seven Springs, the former home of Katharine Graham (of The Washington Post) and Rockefeller University, which will be developed into a world class golf course and housing development. Mr. Trump has just recently purchased the largest parcel of land in California (Los Angeles) which fronts, for almost two miles, along the Pacific Ocean. Luxury estates and a Pete Dye championship golf course will be built on this land. In addition, the Tom Fazio designed Trump National Golf Club and fifteen “super mansions” will be built at Lamington Farm in Bedminster, New Jersey.
In Palm Beach, Florida, Mr. Trump has converted the famous and historic estate owned by Marjorie Merriweather Post and E.F. Hutton, Mar-a-Lago, into the private, ultra-luxury Mar-a-Lago Club. It has just received the award from the American Academy of Hospitality Services as the “Best Club in the World.” Also in Palm Beach and located 7 minutes from Mar-a-Lago is the Trump International Golf Club. Designed by the famed golf course architect Jim Fazio, this $40 million golf course has magnificent tropical landscaping, water features and streams and elevations of 100 feet (unprecedented in all of Florida). Opened in October 1999, this course is already being acclaimed as one of the best in the United States. In 2002, Mr. Trump purchased an additional 60 acres adjacent to Trump International and is in the process of creating a nine hole addition to the course, also designed by Jim Fazio.
And, in a departure from his real estate acquisitions, Mr. Trump and the NBC Television Network are partners in the ownership and broadcast rights for the three largest beauty competitions in the world: the Miss Universe, Miss USA, and Miss Teen USA Pageants. The last Miss Universe pageant substantially beat the NBA Playoff Game it opposed in ratings, and a new five-year television contract was just signed with NBC.
In addition, Mr. Trump rebuilt the Wollman Skating Rink (currently managed by The Trump Organization) in Central Park. This project was particularly special to Mr. Trump. The city had been trying for seven years to rebuild and restore the Rink, whereupon Mr. Trump interceded and did so in three months and at only 10% of the City’s $20,000,000 cost.
An accomplished author, Mr. Trump’s first autobiography, The Art of the Deal, has become one of the most successful business best-sellers of all time, having sold in excess of three million copies, and being a New York Times number one best-seller for 32 weeks. The sequel, Surviving at the Top, was on The New York Times best-seller list and was also a number one best-seller as was his third book, The Art of the Comeback. Mr. Trump’s fourth and most recent book, The America We Deserve, is a departure from his past literary efforts. This books deals with issues most important to the American people today and focuses on his views regarding American political, economic and social problems.
A native of New York City, Mr. Trump is a graduate of The Wharton School of Finance. Involved in numerous civic and charitable organizations, he is a member of the Board of Directors for the Police Athletic League and United Cerebral Palsy. Mr. Trump also serves as a Chairman of the Donald J. Trump Foundation as well as Co-Chairman and builder of the New York Vietnam Veteran’s Memorial Fund. In 1995, he served as the Grand Marshal of the largest parade ever held in New York, The Nation’s Parade, which celebrated the 50th anniversary of the end of World War II.
Mr. Trump is a founding member of both the Committee to Complete Construction of the Cathedral of St. John the Divine and The Wharton School Real Estate Center. Mr. Trump was also a committee member of the Celebration of Nations commemorating the 50th anniversary of the United Nations and UNICEF. More recently, Mr. Trump was designated “The Developer of the Year” by the Construction Management Association of America. In June 2000, he received his greatest honor of all, the Hotel and Real Estate Visionary of the Century, given by the UJA Federation.
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