Thursday, February 4, 2016

Age of Donald Trump: How to Build an Empire? Details you Must Know.

Age of Donald Trump
As we mentioned before he is now 69 years old, where he was born in 1946 in Queens, New York City.

/> When the Pennsylvania Central Railroad entered bankruptcy, Trump was able to obtain an option (a contract that gives a person the authority to sell something for a specific price during a limited time frame) on the railroad's yards on the west side of Manhattan. When plans for apartments were refused because of a poor economic climate, Trump promoted the property as the location of a city convention center, and the city government selected it over two other sites in 1978. Trump's offer to drop a fee if the center were named after his family, however, was turned down, along with his bid to build the complex.

In 1974 Trump obtained an option on one of the Penn Central's hotels, the Commodore, which was unprofitable but in an excellent location near Grand Central Station.

The next year he signed a partnership agreement with the Hyatt Hotel Corporation, which did not have a large downtown hotel. Trump then worked out a complicated deal with the city to revamp the hotel. Renamed the Grand Hyatt, the hotel was popular and an economic success, making Trump the city's best known and most controversial developer.

In 1977 Trump married Ivana Zelnickova Winklmayr, a New York fashion model who had been an alternate on the 1968 Czech Olympic Ski Team.

After the birth of the first of the couple's three children in 1978, Donald John Trump, Jr., Ivana Trump was named vice president in charge of design in the Trump Organization and played a major role in supervising the renovation of the Commodore.

In 1979 Trump rented a site on Fifth Avenue next to the famous Tiffany & Company as the location for a monumental $200 million apartment-retail complex designed by Der Scutt.

It was named Trump Tower when it opened in 1982. The fifty-eight-story building featured a six-story courtyard lined with pink marble and included an eighty-foot waterfall. The luxurious building attracted well-known retail stores and celebrity renters and brought Trump national attention.

Source: Encyclopedia of word biography

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