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Trump Discovers Georgia
23 September, 2010

 

New York, Chicago, Las Vegas... These are areas of burgeoning activities of Donald Trump, famous American land developer. But what about addresses of his future large-scale projects?

Atlanta, Georgia, some people predict. Tbilisi and Batumi in ‘other Georgia,’ the majority of experts think.
The world press reports that Donald Trump, a billionaire mogul, has spent several days in Georgia recently scouting sites for hotels, casinos and golf courses. Prior to that, in New York City he met President Saakashvili, had a

conversation with him about the future of Georgia and was deeply impressed by it.
Trump Organization Executive Vice President Michael Cohen who also made a fact-finding trip to Georgia told journalists that his boss found two locations in Georgia that might be suitable - including one that may become one of the group’s flagship Trump Tower luxury hotels.

 


He said Mr. Trump was especially impressed by the coastal town of Batumi, where President Saakashvili was on hand to show him around.
Trump admits he is “looking for profit from Georgia,” and is “willing to invest if there’s something he likes.” But that is only natural: Business and philanthropy are different things.
Batumi may not be on many Westerners’ travel radar, journalists comment, but it’s already a popular destination for tourists due to a temperate climate and proximity to the Turkish border. Rich people from Russia, India, China, Central Asia and other countries are expected to be the first to vacation there.


Incidentally, Batumi is also the site of a preliminary round of talks between Georgia and the European Union. Should Georgia’s political and economic relations with the EU improve, Donald Trump could be ahead of the curve with an investment in tourism in the region.
Last month, Trump was reported to get the go-ahead to build what he claims will be the “world’s greatest golf course” in Aberdeenshire, Scotland, and now he is awaiting for the next phase of his development, in Batumi, to be approved.
With Trump’s hotel completed, attraction of Batumi will only grow. Till now international developers needed a big brand name for making a historic decision to invest there, and now they have it: Nobody in this business has such a legendary reputation as Donald Trump.
He is America’s most famous real-estate developer, socialite, author, and television personality—and one of its richest. With a net worth of $2 billion, Trump has been a major figure in both domestic and international real estate since the late 1960s, and continues to build and diversify his business empire. Trump was raised in New York and after getting higher education went to work for his father’s real estate company, the Trump Organization, beginning with success turning the bankrupt Commodore Hotel into the Grand Hyatt.
Other Trump properties include Trump Tower, valued at $288 million, Trump World Tower, valued at $290, and a variety of Trump resort casinos located around the United States. In addition, the Trump name is licensed to properties worldwide, earning Trump an estimated $562 million. Since its premiere in 2003, Trump has also earned two Emmy Awards for his role in the reality show The Apprentice, on which he appears as himself and for which he is reportedly paid $3 million per episode.
No doubt, his investing in Georgia will be followed by other developers, bringing dollars to Georgia’ budget and establishing higher standards for the country’s tourist service, thus contributing to making Georgia a Mecca for tourists and a well-to-do country.
I have only one complaint. Not many of my friends in Georgia would be able to afford staying in these luxurious hotels. Me neither. But that’s life.

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