Trump picks his Miami Doral resort to host 2026 G20 summit in Florida during nation's anniversary year

Trump shared the decision during a news conference in the Oval Office, noting the location was ideal due to its proximity to the airport.

Trump noted he would not make any money from the event.

During his first term, the Trump administration considered the Doral resort to host the 2020 G7 summit, though the idea was abandoned due to "media & democrat crazed and irrational hostility," Trump wrote in an October 2019 social media post.

Suarez said "it puts us on the global map," highlighting the positive economic boost.

The international forum includes 19 developing and developed countries seeking solutions to economic and financial issues. 

They include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States, along with the European Union and the African Union, according to the G20 website.

Meeting locations, dates and attendees vary from year to year.

Trump said he has already invited Polish President Karol Nawrocki, who visited the White House Wednesday.

The last time the U.S. hosted a full G20 Summit was in 2009 in Pittsburgh during the Obama administration.

Fox News Digital's Morgan Phillips contributed to this report.