Grand Hyatt city audit and back-rent dispute
What happened
promisedocumented Trump described his business record as evidence that he could turn projects from vision into completion.
- The American Presidency Project: Remarks at Trump SoHo in New York City2016-06-22 · Opening paragraphs describing Trump's business record
actiondocumented City auditors reviewed the hotel's rent calculations and reported missing records and accounting issues.
- New Jersey Division of Gaming Enforcement: Investigation Report: Donald J. Trump1992-04-15 · Financial stability, casino transactions, Hyatt audit, and licensing sections
- CBS News: Inside a Donald Trump audit: Missing books and unusual accounting2016-08-08 · Sections on the accounting change and city audit
payerreported New York City sought additional rent from the hotel partnership based on the audit.
- CBS News: Inside a Donald Trump audit: Missing books and unusual accounting2016-08-08 · Sections on the accounting change and city audit
limitationdocumented The hotel partnership disputed the audit conclusions, and the record cited here is not a final fraud judgment.
- New Jersey Division of Gaming Enforcement: Investigation Report: Donald J. Trump1992-04-15 · Financial stability, casino transactions, Hyatt audit, and licensing sections
- CBS News: Inside a Donald Trump audit: Missing books and unusual accounting2016-08-08 · Sections on the accounting change and city audit
People and organizations
- Grand Hyatt partnershipaffected party
- New York Citypayer
Assessment
The audit contradicts an account of unqualified administrative performance. The partnership contested the findings, and the audit is not treated here as a criminal adjudication.