President Donald Trump told the United States Office of Government Ethics that one of his holding companies received more than $5 million in royalty income through the licensing deal with Vancouver’s Trump Tower.
Companies related to the luxury hotel and condo skyscraper, developed by Malaysian-owned Holborn Group, are among the 500-plus entities in Trump’s first public financial disclosure report as president released June 16.
The 98-page filing, signed by Trump on June 14, includes: DT Marks Vancouver LP, DT Marks Vancouver Manager Corp., THC Vancouver Management Corp., and THC Vancouver Payroll ULC.
The latter company is the only one registered in British Columbia. DT Marks Vancouver LP earned over $5 million in income, while THC Vancouver Management Corp. earned Trump only $21,576.
THC Vancouver Payroll ULC was incorporated Feb. 20, 2015 with Donald Trump as the sole director. The June 23, 2016 annual report with the B.C. corporate registry listed its records address as P.O. Box 49130, 2900-595 Burrard Street, at the Owen Bird law firm. As of Feb. 20, 2016, the officers were: Eric Danziger, Rhona Graff-Riccio, Ivanka Trump, Donald Trump, Donald Trump Jr. and Allen Weisselberg.
Trump ceased to be a director on Jan. 19, 2017, the day before his presidential inauguration. The only directors now are Donald J. Trump Jr. and Allen Weisselberg.
Trump Jr., brother Eric and sister Tiffany were part of the entourage that visited Vancouver for the Feb. 28 grand opening of the hotel. The cost to local taxpayers to keep protesters at bay was at least $105,000.
First Daughter Ivanka Ivanka quietly came to Whistler for a Passover ski vacation with husband Jared Kushner, a key White House advisor.