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New Luxury Hotel in Serbia Will Be a Trump-Kushner Joint Project

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New Luxury Hotel in Serbia Will Be a Trump-Kushner Joint Project

More than a decade after Donald J. Trump first floated the idea of developing a Trump hotel on a government-owned site in Serbia, his family is now close to securing that dream in a complicated deal that also involves a real estate magnate from Abu Dhabi and Jared Kushner, Mr. Trump’s son-in-law.

The plan illustrates the continued ambitions of Mr. Trump’s family to forge new international deals, even as he has returned to the White House. It also reflects a diminished focus, compared with that of his first term, on avoiding the appearance of a conflict of interest associated with the overseas projects.

A Trump-branded luxury hotel is slated to rise on the site of the former Yugoslav Ministry of Defense in Belgrade, which was bombed by NATO in 1999 and has been largely vacant since. It is an idea that Mr. Trump initially proposed in 2013, and that Mr. Kushner started to pursue after he left his job as a White House aide during Mr. Trump’s first term.

Mr. Kushner has formed a partnership with Mohamed Alabbar, the developer of the Burj Khalifa hotel in Dubai, the world’s tallest structure. They plan to build the new hotel on the Belgrade site with a lease on the property from the government of Serbia, which will share in the profits, according to a draft of the agreement.

This would be the first large-scale real estate project between the Trump Organization and the Kushner family. Even though the two have long been in the business in New York, they have previously pursued separate projects.

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The hotel deal in Serbia is one of several recently announced new outlets of the Trump brand, with other projects disclosed in Saudi Arabia, the United Arab Emirates and Vietnam.

“Serbia is one of the fastest-growing countries in Europe, and we’re incredibly honored to be there,” Eric Trump, the president’s son, said in an interview on Friday confirming the new deal, adding that “it’s going to be fun to bring the family together.”

The deal with Serbia comes as the nation is looking for support from the United States for its long-stalled bid to join the European Union. The United States has also pushed Serbia to tighten its relations with Europe and the West overall, as opposed to Russia, with which it has long had economic ties.

In May, Serbia approved the plan to lease the former Ministry of Defense site to a company affiliated with Mr. Kushner to build the 175-room hotel, retail space and more than 1,500 residential units in three separate towers. The approved plan includes a 99-year lease and a memorial complex to those injured or killed during the NATO bombings.

The Trump family announced an ethics plan last month that included a provision that it would not form new deals with foreign governments, even as it was moving ahead with new international projects.

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Eric Trump said in Friday’s interview that the project did not violate that provision, as the Trump hotel would be under contract with the development company building the hotel and not with the Serbian government, which owns the property.

But the proposal brought immediate criticism from ethics attorneys, who called it yet another example of the Trump family’s lack of restraint at the start of Mr. Trump’s second White House term.

In just the last week, the family started a cryptocurrency venture, even as Mr. Trump appointed the new acting chairman of the Securities and Exchange Commission, which oversees cryptocurrency.

“The Trump family is placing so few guardrails on their private business, it creates opportunities for foreign governments to enrich the president in hopes of receiving favorable treatment,” said Deepak Gupta, a constitutional attorney based in Washington. “And in this case, it seems like they are violating their own self-imposed limitations on foreign business deals.”

Mr. Gupta worked on two of the lawsuits filed during Mr. Trump’s first term that claimed he was violating what is known as the emoluments clause of the Constitution, which prohibits payments from foreign governments to U.S. officials.

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In a statement to The New York Times on Friday, Mr. Kushner said that “our research showed that the Trump brand would be the best for this market,” and that together, Mr. Kushner and his partners hoped to build a project on par with the former Trump International Hotel in Washington, which operated out of the Old Post Office Building until the Trump family sold it in 2022.

The new project will be built through a partnership between Mr. Kushner’s private equity firm, Affinity Partners, and Asher Abehsera, a real estate developer who worked with Mr. Kushner on deals in Brooklyn.

The other partner on the Serbia project is Eagle Hills, the company led by Mr. Alabbar, who is also building a $4 billion hotel and housing project on the Belgrade waterfront.

“This development underscores our commitment to elevating Belgrade’s status as a premier European city,” Mr. Alabbar said in a statement.

Most of Mr. Kushner’s capital comes from oil-rich sovereign-wealth funds, including from Saudi Arabia, Abu Dhabi and Qatar, countries that have so far committed a total of $4.6 billion to Mr. Kushner’s fund since he left the White House at the end of the first Trump administration.

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For President Trump, the Serbia deal is the culmination of a plan he conceived in 2013, two years before he began running for president. Back then, Mr. Trump told a top Serbian government official that he wanted to build a luxury hotel on the ministry site.

Associates of the Trump Organization traveled to Belgrade at the time to inspect the location. The project did not come together before Mr. Trump’s election in 2016. But it was revived last year by Mr. Kushner and Richard Grenell, who served as special envoy to the Balkans in the first Trump administration and more recently had been Mr. Kushner’s business partner.

Mr. Grenell, who helped negotiate the deal, was recently named as an envoy for special missions in the new Trump administration.

“This project is now feasible thanks to Belgrade’s amazing growth and vibrancy,” Mr. Kushner said in the statement on Friday, without addressing the fact that the idea had been first proposed by his father-in-law.

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Video: Protests Against ICE in Minneapolis Continue Into Friday Night

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Video: Protests Against ICE in Minneapolis Continue Into Friday Night

new video loaded: Protests Against ICE in Minneapolis Continue Into Friday Night

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Protests Against ICE in Minneapolis Continue Into Friday Night

Hundreds of protesters marched through downtown Minneapolis on Friday night. They stopped at several hotels along the way to blast music, bang drums and play instruments to try to disrupt the sleep of immigration agents who might be staying there. Mayor Jacob Frey of Minneapolis said there were 29 arrests but that it was mostly a “peaceful protest.”

The vast majority of people have done this right. We are so deeply appreciative of them. But we have seen a few incidents last night. Those incidents are being reviewed, but we wanted to again give the overarching theme of what we’re seeing, which is peaceful protest. And we wanted to say when that doesn’t happen, of course, there are consequences. We are a safe city. We will not counter Donald Trump’s chaos with our own brand of chaos here. We in Minneapolis are going to do this right.

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Hundreds of protesters marched through downtown Minneapolis on Friday night. They stopped at several hotels along the way to blast music, bang drums and play instruments to try to disrupt the sleep of immigration agents who might be staying there. Mayor Jacob Frey of Minneapolis said there were 29 arrests but that it was mostly a “peaceful protest.”

By McKinnon de Kuyper

January 10, 2026

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Trump says Venezuela has begun releasing political prisoners ‘in a BIG WAY’

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Trump says Venezuela has begun releasing political prisoners ‘in a BIG WAY’

NEWYou can now listen to Fox News articles!

President Donald Trump said Saturday that Venezuela has begun releasing political prisoners “in a BIG WAY,” crediting U.S. intervention for the move following last week’s American military operation in the country.

“Venezuela has started the process, in a BIG WAY, of releasing their political prisoners,” Trump wrote on Truth Social. “Thank you! I hope those prisoners will remember how lucky they got that the USA came along and did what had to be done.”

He added a warning directed at those being released: “I HOPE THEY NEVER FORGET! If they do, it will not be good for them.”

The president’s comments come one week after the United States launched Operation Absolute Resolve, a strike on Venezuela and capture of dictator Nicolás Maduro as well as his wife Cilia Flores, transporting them to the United States to face federal drug trafficking charges.

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US WARNS AMERICANS TO LEAVE VENEZUELA IMMEDIATELY AS ARMED MILITIAS SET UP ROADBLOCKS

Government supporters in Venezuela rally in Caracas.  (AP Photo)

Following the military operation, Trump said the U.S. intends to temporarily oversee Venezuela’s transition of power, asserting American involvement “until such time as a safe, proper and judicious transition” can take place and warning that U.S. forces stand ready to escalate if necessary.

At least 18 political prisoners were reported freed as of Saturday and there is no comprehensive public list of all expected releases, Reuters reported.

Maduro and Flores were transported to New York after their capture to face charges in U.S. federal court. The Pentagon has said that Operation Absolute Resolve involved more than 150 aircraft and months of planning.

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TRUMP ADMIN SAYS MADURO CAPTURE REINFORCES ALIEN ENEMIES ACT REMOVALS

A demonstrator holding a Venezuelan flag sprays graffiti during a march in Mexico City on Santurday. (Alfredo Estrella / AFP via Getty Images)

Trump has said the U.S. intends to remain actively involved in Venezuela’s security, political transition and reconstruction of its oil infrastructure.

The White House did not immediately respond to Fox News Digital’s request for comment.

President Donald Trump said Saturday that Venezuela has begun releasing political prisoners. (Mark Schiefelbein/AP Photo)

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Fox News Digital’s Morgan Phillips and Greg Norman-Diamond contributed to this reporting.

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Secretary of Defense Pete Hegseth tours Long Beach rocket factory

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Secretary of Defense Pete Hegseth tours Long Beach rocket factory

Secretary of Defense Pete Hegseth, who is taking a tour of U.S. defense contractors, on Friday visited a Long Beach rocket maker, where he told workers they are key to President Trump’s vision of military supremacy.

Hegseth stopped by a manufacturing plant operated by Rocket Lab, an emerging company that builds satellites and provides small-satellite launch services for commercial and government customers.

Last month, the company was awarded an $805-million military contract, its largest to date, to build satellites for a network being developed for communications and detection of new threats, such as hypersonic missles.

“This company, you right here, are front and center, as part of ensuring that we build an arsenal of freedom that America needs,” Hegseth told several hundred cheering workers. “The future of the battlefield starts right here with dominance of space.”

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Founded in 2006 in New Zealand, the company makes a small rocket called Electron — which lay on its side near Hegseth — and is developing a larger one called Neutron. It moved to the U.S. a decade ago and opened its Long Beach headquaters in 2020.

Rocket Lab is among a new wave of companies that have revitalized Southern California’s aerospace and defense industry, which shed hundreds of thousands of jobs in the 1990s after the end of the Cold War. Large defense contractors such as Northrop Grumman and Lockheed Martin moved their headquarters to the East Coast.

Many of the new companies were founded by former employees of SpaceX, which was started by Elon Musk in 2002 and was based in the South Bay before moving to Texas in 2024. However, it retains major operations in Hawthorne.

Hegseth kicked off his tour Monday with a visit to a Newport News, Va., shipyard. The tour is described as “a call to action to revitalize America’s manufacturing might and re-energize the nation’s workforce.”

Long Beach Mayor Rex Richardson, a Democrat who said he was not told of the event, said Hegseth’s visit shows how the city has flourished despite such setbacks as the closure of Boeing’s C-17 Globemaster III transport plant.

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“Rocket Lab has really been a superstar in terms of our fast, growing and emerging space economy in Long Beach,” Richardson said. “This emergence of space is really the next stage of almost a century of innovation that’s really taking place here.”

Prior stops in the region included visits to Divergent, an advanced manufacturing company in aerospace and other industries, and Castelion, a hypersonic missile startup founded by former SpaceX employees. Both are based in Torrance.

The tour follows an overhaul of the Department of Defense’s procurement policy Hegseth announced in November. The policy seeks to speed up weapons development and acquisition by first finding capabilities in the commercial market before the government attempts to develop new systems.

Trump also issued an executive order Wednesday that aims to limit shareholder profits of defense contractors that do not meet production and budget goals by restricting stock buybacks and dividends.

Hegseth told the workers that the administration is trying to prod old-line defense contractors to be more innovative and spend more on development — touting Rocket Lab as the kind of company that will succeed, adding it had one of the “coolest factory floors” he had ever seen.

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“I just want the best, and I want to ensure that the competition that exists is fair,” he said.

Hegseth’s visit comes as Trump has flexed the nation’s military muscles with the Jan. 3 abduction of Venezuelan President Nicolás Maduro, who is now facing drug trafficking charges to which he has pleaded not guilty.

Hegseth in his speech cited Maduro’s capture as an example of the country’s newfound “deterrence in action.” Though Trump’s allies supported the action, legal experts and other critics have argued that the operation violated international and U.S. law.

Trump this week said he wants to radically boost U.S. military spending to $1.5 trillion in 2027 from $900 billion this year so he can build the “Dream Military.”

Hegseth told the workers it would be a “historic investment” that would ensure the U.S. is never challenged militarily.

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Trump also posted on social media this week that executive salaries of defense companies should be capped at $5 million unless they speed up development and production of advanced weapons — in a dig at existing prime contractors.

However, the text of his Wednesday order caps salaries at current levels and ties future executive incentive compensation to delivery and production metrics.

Anduril Industries in Costa Mesa is one of the leading new defense companies in Southern California. The privately held maker of autonomous weapons systems closed a $2.5-billion funding round last year.

Founder Palmer Luckey told Bloomberg News he supported Trump’s moves to limit executive compensation in the defense sector, saying, “I pay myself $100,000 a year.” However, Luckey has a stake in Anduril, last valued by investors at $30.5 billion.

Peter Beck, the founder and chief executive of Rocket Lab, took a base salary of $575,000 in 2024 but with bonus and stock awards his total compensation reached $20.1 million, according to a securities filing. He also has a stake in the company, which has a market capitalization of about $45 billion.

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Beck introduced Hegseth saying he was seeking to “reinvigorate the national industrial base and create a leaner, more effective Department of War, one that goes faster and leans on commercial companies just like ours.”

Rocket Lab boasts that its Electron rocket, which first launched in 2017, is the world’s leading small rocket and the second most frequently launched U.S. rocket behind SpaceX.

It has carried payloads for NASA, the U.S. Space Force and the National Reconnaissance Office, aside from commercial customers.

The company employs 2,500 people across facilities in New Zealand, Canada and the U.S., including in Virginia, Colorado and Mississippi.

Rocket Lab shares closed at $84.84 on Friday, up 2%.

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