Trump Winery

Trump Winery
Location Charlottesville, Virginia, USA
Formerly Kluge Estate Winery and Vineyard[1]
Founded October, 2011
Key people Donald Trump, Owner
Eric Trump, President[2]
Kerry Woolard, General Manager
Jonathan Wheeler, Winemaker
Parent company The Trump Organization
Eric Trump Wine Manufacturing LLC
Distribution International
Tasting Open to the public
Website http://www.trumpwinery.com

Trump Winery (formerly Kluge Estate Winery and Vineyard[3]) is a Virginia winery situated on Trump Vineyard Estates in Charlottesville, Virginia. The vineyard was purchased by businessman (now U.S. President) Donald Trump in April 2011[4] and was officially re-opened in October 2011.[5] It is currently run by Trump's son Eric, under the name Eric Trump Wine Manufacturing LLC.[2][6][7] Trump Winery manufactures 36,000 cases of wine per year. Donald Trump has referred to it as "one of the largest wineries in the United States", although it actually ranks behind two other Virginia wineries that produce at least 60,000 cases of wine per year. [8] The current General Manager of the winery, Kerry Hannon Woolard, was a supporter of Donald Trump's 2016 presidential campaign and appeared as a guest speaker at the 2016 Republican National Convention as well as other campaign events.[9]

Acquisition

Donald Trump purchased the vineyard out of foreclosure from three different banks, not from Patricia Kluge directly like some have suggested. Prior to being foreclosed, Patricia Kluge, former wife of American billionaire John Kluge, did own the property. After her divorce in 1990, Kluge spent much of her remaining fortune over the following two decades, in 1999 establishing a winery[10] and continuing to expand its production.[3] She and her new husband also took out $65 million in loans to fund the expansion.[3] In 2011 the couple defaulted on the loans.[3][11][12][13][14] Bank of America acquired the mortgage on the mansion itself, but the surrounding property was still held in a Kluge family trust. Trump, a longstanding friend of Patricia Kluge, bought the 200 acres (0.81 km2) surrounding the property directly from the trust for $150,000.[15] The bank later alleged that Trump subsequently arranged for "No Trespassing" signs to be placed around the property and to allow the lawns to become overgrown in order to ward off potential buyers and to give the appearance of Trump's exclusive access to the property, although the bank's property interest in the main house included right-of-way easements. Trump then purchased the land from Bank of America for $3.6 million, a significant discount from the $16 million the bank had paid at the foreclosure auction to retain the property[16] and to Kluge's original $100 million asking price the prior year.[3][17][18][19][20][21][22][15]

In March 2016 Donald Trump stated publicly that he owned "the largest winery on the east coast,",[6][7][23] although Politifact later determined this not to be true.[24] Trump Winery makes 36,000 cases of wine per year compared to Williamsburg Winery and Chateau Morrisette Winery, which produce at least 60,000 cases per year, according to The Virginia Wine Board.[24] Trump Winery does have 227 acres of vineyard which makes it the largest vineyard in Virginia.

Awards

Numerous gold medals at national and international wine competitions and best-in-class designations. 90 points from Wine Spectator for Blanc de Blanc, 91 points from James Suckling and Wine Enthusiast for Sparkling Reserve.

In March 2013, Wine Enthusiast magazine gave the 2007 Trump SP Reserve a 91-point rating, which was at that time the highest rating for a still or sparkling Virginia wine.[25]

References

  1. ↑ "Home - Trump Winery". klugeestateonline.com. Retrieved 17 August 2017.
  2. 1 2 "Legal". Trump Winery. 355 Albemarle House Drive, Charlottesville, VA 22902. 2017-08-17. Archived from the original on 2017-08-17. Retrieved 2017-08-17. Disclaimer : Trump Winery is a registered trade name of Eric Trump Wine Manufacturing LLC, which is not owned, managed or affiliated with Donald J. Trump, The Trump Organization or any of their affiliates.
  3. 1 2 3 4 5 Brennan, Morgan (2011-03-10). "The Rise And Fall Of Patricia Kluge". Forbes. Retrieved 2016-09-26.
  4. ↑ Annie Gowen (2011-02-25). "Trump buys former Kluge-owned winery". The Washington Post. Retrieved 2012-06-19.
  5. ↑ "Trump Winery Opens in Albemarle County". Newsplex.com. 2011-10-04. Retrieved 2012-06-19.
  6. 1 2 Johnson, Richard (2015-06-15). "Donald Trump doesn't own Trump Winery, his son does". Page Six. Retrieved 2016-12-16.
  7. 1 2 Finance. "Meet Donald Trump's five children". Business Insider. Retrieved 2016-12-16.
  8. ↑ http://www.nydailynews.com/news/politics/president-trump-owns-largest-winery-u-s-article-1.3414814
  9. ↑ ABC15 Arizona (19 July 2016). "FULL SPEECH: Kerry Woolard Trump Winery - Republican National Convention". Retrieved 27 May 2017 – via YouTube.
  10. ↑ Gowen, Annie (24 February 2011). "Va. winemaker's painstakingly built empire crumbled in months amid recession". Retrieved 17 August 2017 – via washingtonpost.com.
  11. ↑ "Where did all the money go? Former nude model who became 'richest divorcee in history' declares herself bankrupt". Retrieved 2016-09-26.
  12. ↑ "The Money Is Gone, but the Winery and a Woman’s Resolve Remain". The New York Times. 1 October 2011. Retrieved 17 August 2017.
  13. ↑ "How Patricia Kluge's vineyard reached beyond its means". C-VILLE Weekly. 24 May 2011. Retrieved 17 August 2017.
  14. ↑ DeSanctis, Marcia (December 9, 2012). "The Money Pit". TOWN&COUNTRY. Hearst Communications, Inc. Archived from the original on 2016-03-13. Retrieved August 17, 2017. She married one of the world's wealthiest men — and walked away with a record $100 million divorce settlement. How did she lose it all, and how does she plan to get it back?
  15. 1 2 Kashino, Marisa M. (2015-10-05). "The Greatest, Most Amazing, Absolutely HUGE Story of How Donald Trump Took Over Virginia's Biggest Vineyard". Washingtonian. Washington Magazine, Inc. Archived from the original on August 17, 2017. Retrieved August 17, 2017. Trump knew this was his way in. In early 2011, he got the Kluge trust to sell him the yard for the bargain-basement price of $150,000. "That," says Eric, "is the art of the deal right there."
  16. ↑ Frank, Robert (2011-07-01). "Donald Trump Picks Up Patricia Kluge's Virginia Assets". WSJ.com. Retrieved 2012-06-19.
  17. ↑ "Donald Trump buys Kluge estate in Charlottesville". Washington Post. Retrieved 17 August 2017.
  18. ↑ "Donald Trump buys Patricia Kluge's mansion for bargain price of $6.5 million; now owns entire estate". Washington Post. Retrieved 17 August 2017.
  19. ↑ Gowen, Annie; Gowen, Annie (7 April 2011). "Trump buys former Kluge-owned winery". Retrieved 17 August 2017 – via washingtonpost.com.
  20. ↑ "Kluge Saga Continues in Virginia". winesandvines.com. Retrieved 17 August 2017.
  21. ↑ Frank, Robert (1 July 2011). "The Fall of the House of Kluge Leads to the Rise of the Yard of Trump". WSJ.com. Retrieved 17 August 2017.
  22. ↑ "Donald Trump's son sued by Kluge heir over purchase over Virginia farm and winery last year". dailymail.co.uk. Retrieved 17 August 2017.
  23. ↑ Rothbaum, Noah (2016-03-10). "Trump Wine Is Built on Acres of Lies". The Daily Beast. The Daily Beast. Retrieved 2016-09-26.
  24. 1 2 Gorman, Sean (2016-03-21). "Donald Trump incorrectly says Virginia winery is the largest on East Coast". Politifact. Retrieved 2016-10-19.
  25. ↑ Berninger, Jack (2013-03-24). "Vines and Wines: Trump Winery's 2007 SP Reserve - TimesDispatch.com". Online.TimesDispatch.com. Retrieved 2013-04-04.

Coordinates: 37°56′21″N 78°29′55″W / 37.939100°N 78.498677°W / 37.939100; -78.498677

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