Ideas and Opinions from Donald Trump and TrumpU Faculty.
Nothing But the Best
The Trump International Hotel & Tower Waikiki Beach Walk just set a world record for one-day property sales in a single development. All 464 of the development's residences sold on the first day they were offered, bringing in more than $700 million.
Despite the price range of $450,000 - $2,740,000, it's no wonder these residences sold out that fast. Just look at what the Waikiki Beach Walk offers:
- A spectacular design blends Deco and traditional Hawaiian design elements. There's an indoor waterfall too.
- Luxury amenities include a full-service spa, an infinity pool, an extensive wine cellar and a library reserved for the residents.
- Round-the-clock maid and concierge services.
- Kitchens feature Hawaiian koa-wood cabinetry, granite and marble work surfaces and top-of-the-line Sub-Zero and Wolf appliances.
If you are just getting your start in real estate, you are probably wondering why I am devoting today's blog post to a building that cost more than $350 million to build. What can you learn from The Trump International Hotel & Tower Waikiki Beach Walk?
You can learn a great deal. If you want to build something like The Trump International Hotel & Tower Waikiki Beach Walk someday, you can get started today, by making excellence part of what you are doing. Because excellence leads to excellence. It's one continuous process.
For an example of how that works, study Donald J. Trump's very first development. Many of the elements present in the Waikiki project were part of that development too. Here's the story.
Early in his career, Mr. Trump was scanning listings of FHA foreclosures. One property came to his notice: Swifton Village, a 1,200-unit apartment development in Cincinnati. There were 800 vacant units, the developers had failed, and the government had foreclosed. Mr. Trump negotiated a deal to buy the complex for $6 million - about half of what it had cost to build two years earlier.
The property was already run down. To attract solid tenants, Mr. Trump saw that he had to make the property not just acceptable, but exceptional. He installed beautiful white shutters on all windows. He tore out the drab metal doors on each apartment and installed nice-looking colonial doors. He refinished the floors, painted the hallways and kept the place immaculate. He had the grounds attractively landscaped. Those improvements cost nearly $800,000. But in less than a year, Swifton was 100 percent occupied with good tenants.
Several years later, Mr. Trump sold the property for $12 million, doubling his investment money. But the point is, he turned that profit by providing nothing but the best for his tenants and, by extension, for the city and the neighborhood. You can read the complete story of Swifton Village in Trump: The Art of the Deal.
So if you want a success plan that can lead you to make the biggest single-day sale of residences ever recorded someday, remember this formula:
Nothing But the Best
Nobody ever nickel-and-dimed a path to the top. The road there is paved with excellence. Excellence in all things, big and small. The best part is, you can get started today with the properties that you own.
Michael Sexton is President of Trump University. To make your mark in real estate, enroll in Trump University's Real Estate Investor Training Program.
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4 Comments
another great class about the original way of Mr. Trump way of thinking BIG regarding the skyscrapers and the original way to act as Art of the Deal!!
Is proved mindset and is contagious! :))
so much that with your permission I would like to add a positief spine on the originality aspect of refining the way the buildings are done- is my profession
and represent one of my goals in life, consider it a unique proposition as Deal, taking in account that it will help considerably my focus of doing what I love to do, practice my profession and start promoting on the market my product pyramids shape on the proper niche, thank you in advance for the time and interest.
So if earlier we touched that subject of the Burj Dubai Project of 79 stores and the traditional Islamic architecture delivered from Adrian Smith , lets free the imagination for an original concept to build, pyramid shape which have a wonderfull effect on health and aesthetic aspects, a project able to summarize the whole ancians secrets as a bridge projection for the wonderfull century we live as a mantra gift of building homes(and here we can extend the concept touching the Feng Shui art of life) for the future generations, soo nice!!
So, if Mr. Trump offered in his luxury amenities a infinite swimming pool for the
The Trump International Hotel & Tower Waikiki Beach Walk
What if for the next project we choose the infinity symbol on vertical as octahedron?
Building it as a stairs form from outside reducing the top as a arrow for the future, the choosed form of the cupola ensure light at all levels and the center hall inside free space as Hyatt hotel of San Francisco(that one with the nice elevators inside).
The way the pillars will be choosed as position to ensure the structure stability, the way inside the circular platforms will be designed , the core of the pillars as 2XI profiles to ensure the the load distribution amoung the 2 axes , and other technical aspects assured for the huge groundwork, from the best materials can be choosed as Ytong GMBH wich property¨s are impressive regarding safety of fire case(a thyne layer brick exposed at acethilene flame have as result vitrification)or greenhouse effect reduced from the quality of that material, thermical transfer 1% at relatiefattractief prices in Europe, so depending of the location and the wideness the german market of that product reached, the costs of transport will increase the price of that material..and the choosed utility¨s position from the wires at the elevators(what about the newest Schindler ID products?) to the garbage of water supply of the building, each detail regarding optimization at the proper place and function…name it as you will the symbol of Da Vinci ¨¨Glass Man where the¨¨ head ¨¨ is placed and why, how we play the symbols and components of the project respecting the Natural Laws which on the long term ensure a extra quality of the tenats wich surely after informed properly about the advantages we deliver that way, will beat why not the peak record of sales wich Mr Trump already reached in the Tower Waikiki Beach Walk?!!
If it¨s look like Mr. Trump have the time at his fingertips regarding planning and reaching record time frames in many cases before the contract stipulate it, when soo many competition act with delays wich cost time and money…is soo much to learn!!
If necessary to cover the whole ancians library to ensure the quality of such a project, and sort as I do from years the heavy concepts(the 1-st knowed written Codicil of Builders which before the written form they passed the knowledges as secrets talk I have it in my hands and hope that the owner is still alive in Timisoara, any how, the 2-nd source is available also :) the base spam filter of concepts is already done but the refining will be dependent of the aspects which Trump International Tower have interest to apply in
This is truly amazing story, also very inspiring. I have my eye on a property many are begging me not to touch. It would actually be my first. It is a huge piece of property. Do you think I should invest small, then work my way up. I been watching this property for about 5 years now, from a far.
Thanks a bunch!
Kathy from Philly