Plaza Hotel debt restructuring: Audit finding

Entities and roles

• America First Audit: Plaza Hotel debt restructuringaudit case
• Donald J. Trumpcomparison subject

Claims and evidence

1. analysisdocumented

   The restructuring contradicts an unqualified success narrative for the leveraged purchase, though the hotel continued operating and Trump retained an interest.

   • The American Presidency Project: Republican Candidates Debate in Cleveland, OhioExchange about Trump-controlled companies' bankruptcy filings
   • United Press International: Plaza Hotel files for bankruptcy protection under Trump planFiling date, lender control, debt, and ownership terms
   • U.S. Securities and Exchange Commission: Trump Media & Technology Group Form 424B4Risk factors describing outcomes of earlier Trump-branded ventures