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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO

The Trump Organization Will Launch a Budget-Friendly Hotel Chain Called ‘American Idea’

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Katie Reilly
Katie Reilly
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Katie Reilly
Katie Reilly
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June 5, 2017, 8:42 PM ET
Trump International Hotel And Tower Vancouver Grand Opening
Eric Trump and Don Trump Jr. attend the Trump International Hotel And Tower Vancouver grand opening on Feb. 28, 2017 in Vancouver, Canada. Phillip Chin/Getty Images
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The Trump Organization on Monday announced plans to launch a three-star, budget-friendly hotel chain under the name American Idea, a departure from the luxury properties the company is known for.

The chain will feature emblems of American culture and American-made goods, the New York Times reported — a theme that aligns with President Donald Trump’s political messages and is aimed at distinguishing American Idea hotels from other budget-friendly hotels.

“There is no political thought to it,” Eric Danziger, chief executive of the Trump Organization’s hotels division, told the Times.

The Trump Organization is now under the leadership of President Trump’s eldest sons, Don Jr. and Eric, but the President’s lasting financial ties continue to raise ethics questions about potential conflicts of interest.

The first American Idea hotels are set to open in Mississippi, where the Trump Organization is partnering with the family-owned Chawla Hotels to rebrand existing properties. The Trump Organization will license the American Idea brand name to at least three properties owned by Chawla Hotels, which will continue to manage day-to-day operations, the Times reported.

Danziger said the Trump name won’t appear anywhere on the hotels.

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