Branching Out
If there is a photo of Trump that would show you the way he branched out of the family empire, this is going to be it. You can see him after his plan to purchase and refurbish the decrepit Commodore Hotel was approved by the New York Board of Estimate. Many would say that this was the opportunity that allowed him to get a footing in the real estate business. Of course, it is not entirely true to say that he ventured out by himself. For one thing, there was the $70 million construction loan guaranteed by his father Fred and the Hyatt Hotel chain. Even though Trump likes to say that he built his company from the ground up, it is probably more accurate to say that he simply continued the family’s success.
Branching Out
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