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Trump pulls out of troubled Brazil hotel project

Trump-branded hotel and tower in Rio de Janeiro named in criminal inquiry
Friday, December 16, 2016 - 05:50

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The hotel uses the Trump name, and the Trump Organization has been managing the property. But it does not have an equity stake in the hotel, which is owned by LSH Barra.

Rio de Janeiro

THE Trump Organization says it is pulling out of a troubled hotel project in Rio de Janeiro, just weeks after a federal prosecutor opened a criminal investigation that included the hotel and another Trump venture in the city.

The prosecutor is looking into a broad

sentifi.com

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