Trump Tower in Waikiki makes news today

President Trump’s nominee to head the IRS, Charles Rettig, failed to disclose two Waikiki condominium units he is part-owner of are located in the Waikiki Trump International Hotel and Tower, according to stories published today by Bloomberg, the Wall Street Journal, and other news outlets.

Bloomberg reported:

Charles Rettig, President Donald Trump’s nominee to head the IRS, omitted mention on a disclosure form that the two rental properties in Hawaii in which he has a stake are at a Trump-branded resort, according to a memo by the top Republican and Democrat on the Senate Finance Committee.

Rettig, a tax lawyer from Beverly Hills, reported on a committee questionnaire about assets and income that he had 50 percent ownership in two rental units in Hawaii. But he didn’t include that they were located in the Trump International Hotel and Tower Waikiki Beach Walk, according to the memo obtained by Bloomberg, which was sent to members of the panel.

Deeds filed with the state’s Bureau of Conveyances show Rettig purchased the two apartments, 922 and 1022, in October 2010, when construction was finished for a total of $1.76 million. Both apartments are 744 square feet.

The two apartments together are currently appraised for tax purposes at $2,152,400, real estate records show.

Although Rettig has reported only a 50% ownership of the properties, Hawaii real estate records do not appear to show any transfer of the other 50% interest.

A post here last year described the business arrangement between the Trump-branded Waikiki condo tower and Trump, and included a list of those who owned units in the building at that time (“Trump Tower in Waikiki pays fees to Donald Trump“).

Click here to check out additional news stories.


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2 thoughts on “Trump Tower in Waikiki makes news today

  1. Bethany

    Corrections: Trump Tower In Waikiki is licsensed name and build no actual ownership by Trump. Besides arent developers of Waikiki Trump tower suing Trumps.
    Notice he stayed overnight at diffrent hotel when visiting as President.

    Reply
    1. Ian Lind Post author

      No correction needed. This post, and the original post it links to, both make clear that Trump receives licensing fees from the property. It is Trump-branded, not Trump owned.

      Reply

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