The Hollywood Land Development Company Chairman and CEO Mr. Nicholas Phipps White Announces Presidential Order and Successful $9.2 Billion Settlement for The Sovereign Towers
Feb 3, 2020
PALM BEACH, Fla., Feb. 3, 2020 /PRNewswire/ -- "As the Chairman and CEO of The Hollywood Land Development Company, I am extremely proud to report that my company has received a Presidential Order, which is so rare and amazing to have received this order, being the first company in U.S. history to have received this level of recognition in regards to the $9.2 billion settlement for The Sovereign Towers Project consisting of Sovereign Tower I luxury hotel project for $6.8 billion from the $6,341,776,000 2016 sale of the planned best-in-class, 800-room Marriott dual-branded Ritz-Carlton/St. Regis luxury hotel with a rooftop Wolfgang Puck Spago and CUT restaurants, as well as $2.4 billion for Sovereign Tower II," Mr. Nicholas Phipps White announced.
Mr. Nicholas Phipps White, is the Chairman and CEO as well as the 100 percent Owner of The Hollywood Land Development Company LLC and the 100 percent Beneficiary of the more than $9.2 billion Nicholas Phipps White Trust account with Bank of America Private Bank/Merrill Lynch, as well as, the great-great grandson of prominent philanthropist U.S. Senator Lawrence C. Phipps, Treasurer of Carnegie Steel, who architected U.S. Steel, the first billion-dollar company in the world, and also the nephew of Palm Beach industrialist Henry Phipps Jr. of Palm Beach, Florida who founded Bessemer Trust. Mr. Nicholas Phipps last year pledged the largest gift in U.S. law enforcement history of $370 million to Palm Beach County Sheriff's Office.
Continuing the successful 100-year tradition of U.S. Senator Phipps insisting on representing himself in all legal, financial and banking matters, Mr. Phipps White successfully entirely himself negotiated and settled Tort Claim #164222575 which had been provided by former Deputy Attorney General Rod Rosenstein, with the Attorney General of the United States William Barr of the Department of Justice for $6.8 billion for the sale of Sovereign Tower I and $2.4 billion for the settlement of Sovereign Tower II, totaling more than $9.2 billion.
"I especially wanted to thank President Trump, for his Presidential Order, which is the highest honor for our company to receive. The President understands the hard work it takes to achieve private sector success. The President has done an extraordinary job with measurably improving the U.S. economy and honestly caring about the independent spirit of every American worker and recognizes the more than 10,000 important U.S. jobs projected for Sovereign Tower I alone. As the 100 percent Beneficiary and 100 percent Owner of the Nicholas Phipps White Trust account, I also want to thank Bank of America's Chairman and CEO Mr. Brian T. Moynihan and President of Bank of America Private Bank Ms. Katy Knox, for continuing to safeguard The Hollywood Land Development Company's currency and U.S. Gold Bullion from Sovereign Tower I and II," Mr. Nicholas Phipps White added.
The Hollywood Land Development Company's former public advocate who opened this trust account in Coral Gables, Florida with Merrill Lynch International Wealth Management Advisor, Mr. Gerardo Moya, the former advocate added his personal friends to the Nicholas Phipps White Trust account as Co-Trustees to include: former Vice President Joe Biden, Speaker Nancy Pelosi and Congressman Adam Schiff who took more than $282,947 a day of Mr. Nicholas Phipps White's interest income without his knowledge or authorization. The Offices of Mr. Biden, Ms. Pelosi and Mr. Schiff have confirmed they have received their Trustee forms to remove themselves of all Nicholas Phipps White Trust related Bank of America/Merrill Lynch international accounts. The Family of former U.S. Senator Lawrence C. Phipps will require these public-sector Co-Trustees who were never authorized by the Chairman and CEO Mr. Nicholas Phipps White, to return him his interest income and provide a full accounting of this private-sector Merrill Lynch account. Mr. Tom Girardi was terminated as The Hollywood Land Development Company's public advocate and has removed himself as a Co-Trustee.
For media inquiries please contact Mary White (424) 355-1171
[email protected]
SOURCE The Hollywood Land Development Company LLC
More News
I Know You're Too Afraid To Admit Your Dream Vacation, So Just Click On 11 Photos, And I'll Reveal It For You!
The answer might surprise you! View Entire Post ›
How Trump Has Disrupted National Parks
Maintenance projects have been put off around the country and resources diverted to the president’s favored projects in Washington.
Momofuku’s David Chang takes detours on a culinary road trip across the US
In an episode of his new CNN travel series, chef David Chang is driving down the highway to Las Vegas before stopping at a transport cafe off Interstate 15. The town is Hesperia, California, and the producers wanted Chang to try an Indian restaurant near a windscreen repair store. But Chang spots a Mexican cantina that looks promising. He chooses to eat at both, freaking out his camera crew. “I just wanted to taste things. When I see something, I’m like, ‘Oh, that looks interesting. I would like...
Abu Dhabi Stopover passes 310,000 visitors and extends to Al Ain
The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) and Etihad Airways, the national airline of the UAE, are marking the growth of the Abu Dhabi Stopover programme at Arabian Travel Market. More than 310,000 international visitors have chosen to extend their journey in the emirate since the Abu Dhabi Stopover programme was launched in 2024, and the offer now extends to Al Ain, giving guests connecting through Abu Dhabi’s Zayed International Airport the option to spend their complimentary hotel stay in the UAE’s Garden City, alongside the existing option to stay in Abu Dhabi city and its popular islands.
dnata Travel Group strengthens global growth strategy with 12 partnerships at ATM 2026
dnata Travel Group, the travel arm of aviation services provider dnata, signed 12 partnership agreements at Arabian Travel Market (ATM) 2026 to further broaden its travel offering and expand its international reach. The agreements span hotel distribution, cruise holidays, hospitality, destinations and travel technology. Alongside the signings, the group announced the integration of Travelbag into Imagine Cruising and an expansion of Arabian Adventures’ The Fort – Lisaili, combining external partnerships with investment in its own businesses.
The Future of Wellness and Longevity in Tourism and Hospitality Investment
Lifestyle and wellness continue to evolve as core drivers of the global travel sector, with today’s investors seeing wellness as a lucrative real estate and hospitality asset class. In the run-up to Future Hospitality Summit – FHS World 2026, which features Lifestyle and Wellness as a key conference track, experts share insight and opinion on investing in the sector, travellers’ expectations, market misconceptions, the future of longevity tourism and more. With input from Amit Arora, Chief Operating Officer, Hospitality and Entertainment, Arada; Jordi Sanchis, Sr. Director of Development - Middle East, Meliá Hotels International; Christopher Sanderson, Co-Founder, The Future Laboratory; and Wael Al Sharif, Area General Manager, The Torch Hospitality.
ALTA BADIA A TASTE FOR SKIING A WINTER OF FINE DINING, TRADITION AND LOCAL HERITAGE
This year’s edition of A taste for skiing places the world of plants at the heart of the programme. Herbs, roots, vegetables, flowers, seeds and fruits provide inspiration for the participating chefs, who will interpret these ingredients creatively in dishes served at Alta Badia’s mountain huts. The theme also highlights the close relationship between nature and the changing seasons, elements that have always been deeply connected to the mountains and their culinary traditions.
Guggenheim Abu Dhabi Announces Ticket Sales Ahead of December Opening
The countdown to the 11 December opening of Guggenheim Abu Dhabi enters its next chapter as tickets to the new museum are now available at guggenheimabudhabi.ae. General admission tickets to Guggenheim Abu Dhabi cost AED 70. Complimentary admission is available for visitors under 18, UAE students, and seniors aged 60 and above. Reduced admission rates are also available for eligible groups.
Anguilla Engages More Than 200 Travel Advisors During U.S. Roadshow
The Anguilla Tourist Board concluded a five-day destination roadshow that engaged more than 200 travel advisors across New York City and Long Island, as well as Connecticut, New Jersey and Pennsylvania. The delegation included Sean Richard, chairman of the Anguilla Tourist Board; Chantelle Richardson, deputy director of tourism; and Vivian Chambers, U.S. sales representative with The Muse Collection. The Sept. 14-18 sales mission featured targeted client luncheons, dinners, office presentations and networking events designed to strengthen relationships with the U.S. travel trade and generate greater awareness of Anguilla.
31 Products To Help You Become The Carry-On-Only Traveler You’ve Always Dreamed Of Being This Fall
You've got places to be, leaves to peep, and not enough money to splurge for checked luggage. View Entire Post ›
Bespoke jewellery is on the rise in Asia. Why wear what everyone else is wearing?
Is bespoke jewellery a modern fashion statement? Are jewels designed and made exclusively for a wearer the ultimate expression of the individual? According to the Business of Fashion’s “Face to Face with Luxury Clients” report, “emotional connection is the number one driver of luxury brand desirability in both the US and China – above craftsmanship, heritage and logo recognition”. The results for the media platform’s latest report in its State of Fashion series come from a survey of more than...
Since Europe Is Alllllllllllllll About Wine, Pick 10 Destinations To Visit And I'll Guess Which One Is Your Favorite
Rosé lovers will make you stop at every single castle you pass. View Entire Post ›
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.