Trumping Transparency

Trumping Transparency – How Much Is The “Donald Trump” Name Worth?

Tuesday, May 07 2013 @ 05:35 PM EDT
Contributed by: Don Winner
Views: 97
By Jacqueline Palank – How much is the Trump name worth? The developer of the Trump Ocean Club International Hotel & Tower in Panama wants to shield that information from prying eyes during its bankruptcy case.
Newland International Properties Corp. on Monday asked a Manhattan bankruptcy judge “to limit public access” to the licensing and other agreements that enable the developer to use the Trump name for the 2.8-acre tower overlooking the Pacific Ocean on Panama City’s Punta Pacifica Peninsula.

In court papers, Newland said that if confidential terms such as pricing and fees got out, it would put its use of the Trump name in jeopardy and possibly hurt the Donald himself.

“Exposure of this confidential commercial information would be detrimental to the debtor, its estate and creditors, as well as the Trump parties, who are party to various similar agreements with third parties,” Newland said. “The exposure of such terms would be anticompetitive to their business.”

While Chapter 11 is heralded for its transparency, companies can, and often do, ask to shield confidential and proprietary information from public view.

Court papers do show, however, that Newland owes Trump Marks Panama LLC, from which it licenses the Trump name, $15.3 million.

Newland sought Chapter 11 protection last week with a plan in hand to restructure $220 million in bond debt, which a bankruptcy court will consider approving at a May 28 hearing. The developer defaulted on its bond debt in November 2011 as a result of real-estate woes brought on by the global economic downturn.

Trump Ocean Club opened in 2011 and features 630 condo units and 369 hotel condo units as well as various shops, restaurants and offices. A private beach club is slated for completion this September, and Newland is also currently working on adding a 75,000-square-foot casino to the mix. (Wall Street Journal)

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One Response to “Trumping Transparency”

  1. Bill King says:

    Don Winners post about Jerry Hall are fabricated by his own imagination, Jerry Hall has won a defamation of Character suit against Don Winner for $350,000 if he should ever return to the USA Mr. Hall will demand payment and proceed to collect. Mr. Winner is known for his stories such as Wild Bill, he was never a part of that investigation he was part of the problem helping Wild Bill get rid of the properties on Don Winners web site. Mr. Winner should be avoided at all costs first he can’t spell as a writer should and second of all you just have to read his blog to understand that insanity must run in his family. It is apparent This all stemmed from Jerry Hall getting two of Don Winners co-hearts arrested and sent to Prison 1) Tom McMurrain and Two Eddie Kahn, that is what has set Don Winner on to Jerry Hall. Jerry Hall killed Don Winners money train…. Sorry Don You really must be poor.

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