Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
Gordon Sondland is a key witness in the Trump impeachment inquiry - and the founder of a boutique luxury hotel chain. Here's how the US ambassador to the EU made his fortune of at least $78 million.
Gordon Sondland is a key witness in the Trump impeachment inquiry - and the founder of a boutique luxury hotel chain. Here's how the US ambassador to the EU made his fortune of at least $78 million.
Sondland said Wednesday that Trump engaged in a quid pro quo with Ukraine by conditioning military aid and a White House meeting on Ukrainian president Zelensky carrying out the investigations he wanted.
In his testimony before Congress on Wednesday, Sondland said that Trump engaged in a quid pro quo with Ukraine by conditioning military aid and a White House meeting on Ukrainian president Volodymyr Zelensky carrying out the investigations he wanted into the Biden family.
In financial disclosures to the State Department earlier this year, Sondland reported assets worth between $78 million and $185 million. Sondland's attorney did not immediately respond to Business Insider's request for comment for this story.
Advertisement
Here's a look at the background and finances of the 62-year-old diplomat.
Gordon Sondland, the US ambassador to the European Union, is testifying before Congress today as part of the impeachment inquiry into President Donald Trump.
The 62-year-old diplomat said Wednesday that Trump engaged in a quid pro quo with Ukraine by conditioning military aid and a White House meeting on Zelensky carrying out the investigations he wanted.
Sondland's attorney did not immediately respond to Business Insider's request for comment on Sondland's net worth and finances.
Sondland also reported credit card debt of between $75,000 and $165,000.
Sondland and his wife have a charitable foundation, the Gordon D. Sondland and Katherine J. Durant Foundation, which they founded in 1999. It donates to organizations including the Portland Art Museum, OMSI, OHSU, New Avenues for Youth, Oregon Ballet Theatre, the Portland Parks Foundation.
In the 1980s, Sondland founded a chain of luxury hotels called Provenance Hotels, which today has 14 locations in cities like Portland, Seattle, Boston, Palm Springs, Nashville, and New Orleans.
Sondland entered the hotel business while he was working in commercial real estate in Seattle in the 1980s, according to Skift. In 1985, he bought a bankrupt hotel, renovated it, and reopened it as a luxury hotel — the start of what would become Provenance Hotels.
Sondland was CEO of the hotel group from 2002 to 2018, when he was appointed ambassador to the EU. In his financial disclosure to the State Department, Sondland said he would retain a passive investment in the company and continue to receive his share of equity profits.
According to the Portland Business Journal, Sondland's wife, Katherine Durant, was listed as chairman of Provenance Hotels on the company website's "Who We Are" page as recently as October. All information appears to have since been removed from the page.
Provenance Hotels did not immediately respond to Business Insider's request for comment regarding its current chairman, and Sondland's attorney did not respond to a request for comment concerning his current involvement in the company.
In recent weeks, Provenance Hotels have come under fire on Yelp, receiving one- and two-star reviews referencing the ambassador, The Daily Beast reported.
As the Daily Beast reported, a two-star review left on October 22 for the Revolution Hotel in Boston reads: "If you're looking for a hotel owned by a Trump supporter who gave the campaign a million dollars in exchange for an ambassadorship that he's unqualified for so he can extort foreign leaders into attacking fellow Americans, look no further ..."
Between 2016 and June 2018, Sondland was the manager of a Portland-based LLC that owned a Lear jet, according to his financial disclosures.
The New York Times recently reported that before he became ambassador, Sondland "ferr[ied] presidential candidates around the northwest in his Lear jet."
According to the Wall Street Journal, Sondland sold the jet when he took the ambassador job.
The renovations included $400,000 for renovations to the kitchen of his home in Brussels and $95,000 for the installation of an "outdoor living pod/pergola" at his home in DC.