The Trump Organization is contemplating selling its International Trump Hotel in Washington, Eric Trump told the Wall Street Journal, amid longstanding criticism that hotel serves as an improper source of profit for the President.
“People are objecting to us making so much money on the hotel, and therefore we may be willing to sell,” he told the Journal
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Lord…as if '…making too much money…" was a bad thing. How can anyone be so willfully stupid as to think we’d buy that?
If true, they must know it will have less value post-impeachment and potential removal so it makes sense to sell now. Keep a close eye on the buyer and the price, overpaying for real estate is another favorite tactic of money launderers.
Of Donald Trump Sr., Donald Trump Jr., and Eric Trump, which is Dumb, Dumber, and Dumbest? Their stupidity has to be genetic!
I note that Barron is kept away from the media- and his father.
Exactly… like those that paid 600 million for 99 years in advance rent for Kushner’s white elephant on Fifth Avenue.
They need money to pay for their lawyers?
Whiny bitch Eric says “People are objecting to us making so much money on the hotel, and therefore we may be willing to sell.” Next he’ll say something about Hunter B making so much money in Ukraine.
@maricaibo Being kept away from his father can only be a good thing. PP was raised by a son of a bitch of a father and his mother was kept in the shadows. Look how he turned out.
This, exactly. Whenever and however the gravy train ends, once he’s gone from office, that place will be a graveyard and a moneypit.
Nobody is going to stay in that rat hole (they don’t stay now, they just rent the rooms) after Trump is out office, so they are looking for a chump, or otherwise someone that wants to advance some policy option.
Trump signed a 60 year lease with the GSA on the property and pre-existing structures for this hotel. Can he convey the lease terms to someone else and pocket the proceeds? Is the new owner bound by the old lease? Would the GSA want a say in all this?
The prospects of trUMP’S Golden Arches must be heading South.
Sell high, obviously. Putin probably has the place bugged six ways to Sunday already. If not, he’ll have the opportunity to do so after his cronies use it to launder half a billion dollars or whatever.
The new owner will probably be a Trump supporter.
Cash poor issues or trying to money launder.
Why start now?
ETA, just to be serious for a moment: I’m not going to read the lease to confirm, but it’s very common for long-term commercial property leases like this to be transferable. There are probably restrictions on who the lease can be transferred to, but no developer goes into a decades-long lease without a hope of cashing out. And unlike most “Trump” properties these days, that hotel is not just a branding/management deal.
Maybe Bezos can add it to his D.C. collection alongside the WaPo.
This thing is fishy, bet they are going to get a bunch of money for it…
I have a friend that had to buy a lousy lake property (too small to build anything) at top price in order to get a contract to drill some wells and lay the pipelines.
There are some stories that can’t wait until TPM gets around to them, if ever, so there’s this. It’s a rally but not being called a rally.
about 300 people, only about 10 students will be admitted from Benedict College, which is hosting the event, said Mayor Stephen K. Benjamin of Columbia. More than half of the seats were reserved for guests and allies of the administration, organizers said.