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Trump Hotels Ditching Name For New Hotels
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| Parent(s) |
Candidate
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| Contributor | RP |
| Last Edited | RP Oct 23, 2016 12:02am |
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| Category | Strategy |
| Author | Cailey Rizzo |
| News Date | Friday, October 21, 2016 06:00:00 AM UTC0:0 |
| Description | Amidst reports that occupancy rates at Trump Hotels have slipped this election season, the company has announced that new brand hotels will no longer bear the Trump name.
The newest line of luxury hotels, geared towards millennials, will be called Scion, the company said.
“We wanted a name that would be a nod to the Trump family and to the tremendous success it has had with its businesses, including Trump Hotels, while allowing for a clear distinction between our luxury and lifestyle brands,” Trump Hotels CEO Eric Danziger said in a statement.
Although Trump Hotels has said the new name has nothing to do with the eponymous businessman’s presidential campaign, empty rooms at the hotels have caused officials “to reduce rates during the peak season," according to New York Magazine.
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