TW Blog

Dumped by Trump

(Hotels) Permanent link

Donald TrumpAt least one investor in the Trump Ocean Resort Baja won't be watching Season 6 of NBC's "The Apprentice."

After the Mexico hotel-condo development on the northern tip of Baja California went belly-up, investors were left holding the bag to the tune of $32 million, according to the Associated Press.

Investors were told that their deposits had been spent, and that they would not receive a penny of it back.

"I can't even stand to see [Donald] Trump's face on TV," Linda Drake, a psychologist whose husband is a commercial airline pilot and financial adviser, told the AP.

The AP reported that deposits on abandoned projects are at risk in the U.S., but the risk may be higher in Mexico because consumer protection laws there are generally weak.

Blog home

Comments Guidelines
<< March 2009 >>
Sun Mon Tue Wed Thu Fri Sat
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        

Blogroll

Archive

Subjects

Recent Posts

Please upgrade your Flash Player.
Please upgrade your Flash Player.

Travel Weekly Poll

Voices

  • Consumer media discover that travel agents do exist

    "Contrary to some thoughts, travel agents do exist ... We are usually able to get clients better prices, and we know we can see that clients have better experiences. And as our personal motto is: Our Service Travels With You."

    More»

TW Index: Most Active Stocks

Latest Top News:
Caribbean
Europe
Travel Weekly is on Facebook
Viewpoints For Travel Agents
Travel Weekly Topics