Trump Hotels CEO Leaving the Dwindling Company
Skift Take
Eric Danziger, the departing CEO at Trump Hotels and one of the few non-family members to hold the top job at the company, is the latest drag on the hotel brand that has shed properties over the last several years.
Daily Lodging Report
Skift’s Daily Lodging Report is a subscription-required, email-only newsletter read by anyone and everyone in the hotel investor, owner, and operator space, including CEOs of some of the industry’s top brands. It covers North America and Asia Pacific with two separate regional editions.Here’s a sampling of what the Daily Lodging Report provided to its readers this past week. If you’re not a subscriber, you should be. Don’t wait. Sign up now here.
Sunday, Feb. 27The Grand Hyatt Hotel next to San Antonio’s Henry B. Gonzalez Convention Center is going up for sale. Hyatt had been making the necessary payments, but after falling short during the pandemic, the city began taking over payments. Now, the Grand Hyatt may be sold to an out-of-state nonprofit to settle the debt. The remaining 2005 revenue bonds total about $168.3 million. Under the plan, Hyatt would sell the hotel to Community Finance Corp. The city would issue another bond of up to $450 million to pay off the existing city-backed bond debt. It will also set up some operating reserves and some debt reserves for the hotel going forward. If the plan is approved, CFC would own the hotel and make payments on the bond over the next 40 years. Hyatt would still operate and manage the hotel for
