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The Calgary Herald (Alberta)

June 27, 2008 Friday


Final Edition

Trump capitalizes on weak U.S. dollar


BYLINE: Compiled from Herald News Services

SECTION: CALGARY BUSINESS; North America in Brief; Pg. E9

LENGTH: 185 words

While much of United States bemoans its weak dollar, property mogul Donald Trump is cashing in as foreign investors
take advantage of the greenback's woes to buy luxury New York lodgings at a discount.

Trump's latest venture, the 45-floor Trump Soho Hotel Condominium, which is due to be completed next year, has
attracted buyers from all around the world, with investors from Spain, Italy and Britain accounting for about 40 per
cent.

"It's largely foreign buyers," said Donald Trump Jr., 30, executive vice-president for development and acquisitions for
the Trump Organization, which is headed by his father.

While New York always tends to attract more foreign buyers than real estate in other U.S. cities, Trump Jr. said sales of
the Soho venture were definitely helped by the weak dollar.

"It's great for us in high-end real estate. People in the U.K., people in Europe are buying at a 30 to 40 per cent discount
to what would be normal currency exchanges," he said.

The Soho Hotel's 413 suites, which start at about $1.2 million. About 60 per cent of the units have already been sold,
according to Ivanka Trump.

LANGUAGE: ENGLISH

DOCUMENT-TYPE: Business; Brief

PUBLICATION-TYPE: Newspaper

SUBJECT: US DOLLAR (93%); REAL ESTATE (91%); CURRENCIES (90%); US PRESIDENTIAL


CANDIDATES 2016 (90%); CONDOMINIUMS (90%); US PRESIDENTIAL CANDIDATES 2012 (90%);
FOREIGN INVESTMENT (90%); REAL ESTATE DEVELOPMENT (78%); REAL ESTATE AGENTS (78%);
REAL ESTATE INVESTING (78%); HOTELS & MOTELS (77%); EXCHANGE RATES (73%); HOSPITALITY
INDUSTRY (72%); RESIDENTIAL CONDOMINIUMS (71%) HOSPITALITY INDUSTRY; BONDS; HOTELS;
CONDOMINIUMS; REAL ESTATE DEVELOPERS

PERSON: DONALD TRUMP (92%); DONALD TRUMP JR (79%); IVANKA TRUMP (73%)
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Trump capitalizes on weak U.S. dollar The Calgary Herald (Alberta) June 27, 2008 Friday

COUNTRY: UNITED STATES (92%); SPAIN (90%); UNITED KINGDOM (79%); EUROPE (79%)

LOAD-DATE: June 27, 2008

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