Alwaleed bin-Talal, a member of the royal family purchased the 282-foot yacht "Princess" for $20 million in 1991 after the boat was repossessed from Trump (Trump was nearing bankruptcy at the time) and was part of a group that purchased the financially troubled Plaza Hotel for $325 million in 1995.
In 2016, the New York Daily News reported that the Saudi government also
purchased the entire 45th floor of the Trump World Tower, for $4.5 million, in June 2001. Given annual fee fares for the building at the time, Trump also was paid $5.7 million by the Saudis between the purchase and 2016, the paper reported.
The most recent example came last year, as The Washington Post reported in August that a visit from Saudi officials to Trump's Trump International Hotel in New York City helped boost the hotel's quarterly revenue by 13% in 2018's first quarter.
The bump came
after two straight years of booking declines for the property, according to a letter obtained by the Post in which the manager of the Trump hotel cited "a last-minute visit to New York by the Crown Prince of Saudi Arabia."
In addition, a lobbying firm connected to the Saudi government also paid $270,000 to the Trump International Hotel in Washington, DC, between October 2016 and March 2017.
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