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Is This A Precedent Setting Move?

This is a serious question. How is it possible, in the USA, for a President, to force the G7 to hold its meetings, at his own resort?

At some point, he may come explain it away, by saying that he will cut a no-profit deal for the event, but the personal benefit, is not simply from hosting the event itself, it's the international exposure the property gets.

Are we still living in modern day USA? When did we roll the clock back to 19th century politics?
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Whether, and in what ways Trump's presidency sets precedents for the future is sort of a huge elephant in the room that we only get glimpses of.