Former President Donald Trump and his company face a USD $250 million civil trial in New York, accused of fraudulently inflating his wealth for favorable loan terms, reports Travel Weekly.
The judge has already declared guilt, raising the specter of Trump losing business licenses in New York, impacting his real estate and hospitality empire, including the Trump International Hotel & Tower New York.
If Trump loses, Neama Rahmani of West Coast Trial Lawyers says it's a significant blow, preventing him from owning property or operating in the state. This could sever ties with Trump Hotels, mirroring the trend of properties distancing themselves from the controversial brand. The impending rebranding of Trump International Hotel Waikiki reflects a broader shift, with businesses opting for political neutrality over divisive affiliations.
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