A potential buyer for the Trump International Hotel in Washington, D.C. has emerged months after the Trump family announced an effort to sell the President’s landmark hotel.
According to the Post, numbers from JLL show occupancy rates at the hotel dipped substantially in 2019.
Ha ha
Eric Trump said in October that the ethical issues presented by his father’s presidency played a role in the potential sale.
Or, as he put it, “People are objecting to us making so much money on the hotel, and therefore we may be willing to sell.”
Ha ha ha
Typical with these business geniuses. When things start going south, watch for the fire sales to start.
“I think he has to sell before he gets out of office, because it’s not going to get better — it’s going to get worse,” Friedman told the Washington Post Friday.
Um…does he have any idea what he just said here?
I’m not sure I do, certainly, if it’s not just pooh-poohing the thing offered to keep the price down. Are you reading it differently?
Surely it’ll sell for triple its estimated value to a Saudi or Russian investor?
Or, as he put it, “People are objecting to us making so much money on the hotel, and therefore we may be willing to sell.”
This is a real show of confidence from the Trump organization.
I read it as confirmation that Trump is using his status as President to pump revenue into the hotel. A clear emoluments violation.
After all, if it was in a blind trust as it should have been, then Trump’s leaving office shouldn’t dramatically affect revenues.
There was a clear reason T-mobile ostentatiously rented multiple rooms there before a pending deal, why Barr threw a big holiday bash there, and KSA, among other countries, have made Trump Hotel there go-to place. And we all know Trump notices and bases policy on it.
Sure but I think at this point everyone takes that as a given. He’s hardly shy about using the presidency for marketing purposes. That, and revenge, seem to be the only things he actually makes an effort on.
We take it as a given, but there are real lawsuits out there as we speak, and this guy just gave the good guys more ammo.
As someone who frequently passes that beautiful historic building I will be more than happy to see “TRUMP” removed from its facade.
Here’s a translation from someone with 40 years’ commercial RE experience: the sale price will be a multiple of operating income, and even the Trumps are smart enough to understand that operating income will go down when revenue does not reflect a premium for the favors guests receive from the US government that come with patronizing a Trump property. No emolument = lower operating income = lower value.
And the potential buyers all know that the emoluments and other grifting are artificially inflating revenue, so their bids will all be below what you would expect based on operating income alone.
"Emoluments, We Hardly Knew Ye"
True but Trump properties seem to be suffering all over. There’s some chance that if this thing were an Omni it would be doing just fine, because half of America doesn’t hate Donald J. Omni.
If you pay the asking price the ottoman and end tables are free.
I wouldn’t piss on that hotel if its teeth were on fire.
Plenty of homeless street people in that neighborhood, so it’s safe to assume that the hotel gets pissed on all the time.
If it were an Omni it probably wouldn’t be a frightful dump.
Donald J. Omni - he owns the omni bus that Dumpsterfire keeps throwing people under
