There has been speculation that Trump International Hotel just off the Strip could be sold to generate revenue for Republican presidential candidate Donald Trump’s enormous civil fraud penalties via Review Journal.
There has been no official confirmation on whether or not the 64-story, 1,282-suite property owned by Trump and his business partner Phil Ruffin is up for sale. Industry experts have not heard anything about a potential sale of the property, which first opened its doors in 2008.
Ruffin, who co-owns the property, is also the owner of Treasure Island and Circus Circus hotel-casinos. In February, the Associated Press reported that New York Attorney General Letitia James stated her intention to seize Trump properties to pay a $454 million civil fraud penalty which, with interest, is increasing by approximately $87,502 per day.
It has been noted that Trump was assessed the fine following a Feb. 16 ruling by Manhattan Supreme Court Judge Arthur Engoron. In January, a jury also ordered Trump to pay an $83.3 million judgment for defaming writer E. Jean Carroll. Trump has denied wrongdoing and vows to appeal.
Whether James would attempt to seize Trump International in Las Vegas is not known. Clark County records show the parcel is owned by Trump Ruffin Tower I LLC.
Contacted Friday, a representative for Ruffin stated that he would have no comment on the matter, and Trump hotel officials did not return calls seeking comment.
Trump and Ruffin formed a friendship when they partnered to build the tower, initially targeted as a condominium high-rise. When condo sales flagged in the run-up to the Great Recession, the Trump Organization changed strategies and brought in Hilton Grand Vacations to take some of the suites as timeshare units. Some suites also were made available as hotel rooms due to the plan to develop residences, the Trump Organization opted not to put a casino on the property.
