Azerbaijan: High-rise planned as Trump hotel catches fire
Associated Press
BAKU, Azerbaijan (AP) — A high-rise building in Azerbaijan's capital that once was intended to be a Trump-branded hotel caught fire Saturday, but the flames were put out and no injuries were reported.
The 33-story building had few visible signs of damage to its exterior once firefighters who sprayed water into the structure from trucks extinguished the blaze. The fire's cause has not been established, authorities said.
Reflecting the building's significance in Azerbaijan, Emergency Situations Minister Kamalladin Heydarov was at the scene. The ministry said the fire started on the 18th floor and burned for three hours.
"The fire lasted a long time due to a lack of water," Deputy Minister Etibar Mammadov said. "The reasons for the fire are being investigated"
The Trump Organization canceled its licensing deal for the planned hotel in December 2016, one month after Donald Trump was elected U.S. president.
The company had partnered on the project with Anar Mammadov, the son of the transport minister of Azerbaijan at the time, Ziya Mammadov.
The elder Mammadov was suspected by U.S. diplomats of laundering money for Iran's military, according to leaked diplomatic cables made available in 2010.
Financial disclosures filed by his campaign, Trump earned between $2.5 million and $2.8 million in management fees from the unopened hotel.
Plans to open the high-rise as a business center so far haven't materialized.
AP Exclusive: Water delivery suspended in Nevada mine battle
BRIEF: FEMA affirms floodwall fix for Valley City
Advisor News
- CT governor’s candidates claims: What’s true, and what’s misleading
- Retaining clients by giving them a memorable experience
- Addressing the longevity paradox
- Employers shift focus from retirement access to financial outcomes
- Helping widowed clients navigate their new financial reality
More Advisor NewsAnnuity News
- National Life Group expands annuity portfolio
- AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
- USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
- How flexible annuities fit today’s retirement portfolios
- Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity NewsHealth/Employee Benefits News
- Open Enrollment set to begin Nov. 1
- Advice for health care open enrollment beginning November 1
- Plans with cheaper premiums are risky business for Americans seeking lower healthcare costs
- Who inherits the homeowners insurance when someone dies?
- A lifetime of lessons: Thomas Peterson on why disability insurance matters
More Health/Employee Benefits NewsLife Insurance News