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
- Dutch gambling tax hike falls short as prediction markets eye World Cup
- Caregiving: A challenge that costs employers billions
- Could your practice benefit from an advisory board?
- SEC nears settlement with accused scammer Tai Lopez
- The 3 things that shrink your Social Security income
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Highlighted for Surprising Price Action
- Trademark Application for “EMPOWER YOUR MONEY” Filed by Empower Annuity Insurance Company of America: Empower Annuity Insurance Company of America
- Built-in guaranteed annuities: What advisors should know
- Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market
- Why job boards are failing insurance agencies
More Annuity NewsHealth/Employee Benefits News
- GOVERNOR SIGNS 38 BILLS INTO LAW
- Premiums rise, but overall costs could fall for NC State Health Plan members under a new system
- Feds, Ohio Republicans focus on individual cases of Medicaid fraud, but what about corporations?
- They Harvest the Nation's Food, but a New Rule May Strip Them of Health Insurance
- Colorado hospitals poised to receive $455 million Medicaid funding boost
More Health/Employee Benefits NewsLife Insurance News
- THINGS YOUR CLIENTS SHOULD KNOW BEFORE SELLING A LIFE INSURANCE POLICY
- Could your practice benefit from an advisory board?
- AM Best Revises Outlooks to Stable for Missouri Farm Bureau Group’s Members and Farm Bureau Life Insurance Company of Missouri
- Globe Life Inc. (NYSE: GL) Highlighted for Surprising Price Action
- AM Best Assigns Credit Ratings to China Ping An Insurance (Hong Kong) Company Limited
More Life Insurance News