Pursuits
Trump’s Hotel Company Takes Name Off Rio de Janeiro Property
- Investments in Rio hotel involved in criminal probe in Brazil
- Trump Hotels cites construction delays, difference in strategy
The Trump Hotel in Rio De Janeiro.
Photographer: Nadia Susman/BloombergThis article is for subscribers only.
President-elect Donald Trump’s hotel management and development company took its name off a beachfront hotel in Rio de Janeiro, citing construction delays and a difference in strategy.
The removal of Trump’s name came after prosecutors opened a criminal investigation into investments in the hotel. A spokeswoman for Trump Hotels declined to comment on the probe. The name will be pulled on Thursday, according to the Washington Post, which first reported the decision to sever ties.