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Miles Archer

(18,837 posts)
Fri Oct 25, 2019, 12:53 PM Oct 2019

Eric Trump wants to unload the DC hotel for $1/2B because people object to the Trumps raking in cash



The Trump Organization is exploring a sale of the rights to its highly-controversial Washington, D.C. hotel, a stunning move given how much the president brags about the property. The Wall Street Journal reports the Trumps are looking at a price tag of about a half-billion dollars, or $2 million per room.

“People are objecting to us making so much money on the hotel, and therefore we may be willing to sell,” vice president Eric Trump claimed in a statement.

“Since we opened our doors,” the president’s middle son added, “we have received tremendous interest in this hotel and as real-estate developers, we are always willing to explore our options.”

Legal and constitutional experts have repeatedly said Trump’s ownership of the prominent D.C. hotel, which sits in the Old Post Office, a building the Trump Organization leases from the federal government, is a violation of the Emoluments Clause.

https://www.rawstory.com/2019/10/trumps-say-they-are-trying-to-sell-controversial-dc-hotel-because-people-are-objecting-to-us-making-so-much-money/
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Eric Trump wants to unload the DC hotel for $1/2B because people object to the Trumps raking in cash (Original Post) Miles Archer Oct 2019 OP
Most likely need the money for defense lawyers nt maryellen99 Oct 2019 #1
This message was self-deleted by its author dewsgirl Oct 2019 #2
He Guy Whitey Corngood Oct 2019 #12
I meant Sloth. And wow that kid grew up to be very handsome. dewsgirl Oct 2019 #15
Little known fact, Sloth eventually got cosmetic surgery and now looks waaaay better Guy Whitey Corngood Oct 2019 #19
This message was self-deleted by its author Chin music Oct 2019 #26
Planning For The Great Escape? Me. Oct 2019 #3
They have properties all over the world in countries run by dictators they admire. Take the money... Hekate Oct 2019 #33
for the discriminating real estate investor looking for political corruption with a view! unblock Oct 2019 #4
Don't worry slumlord... Newest Reality Oct 2019 #5
yeah, what he said... Hugin Oct 2019 #6
See also: Germany a century ago Hekate Oct 2019 #35
Such a lovely place/such a lovely face DEbluedude Oct 2019 #7
What a nice surprise crazytown Oct 2019 #24
yes, and... DEbluedude Oct 2019 #27
That hotel won't be nearly as profitable without people staying there to curry favor with trump... brush Oct 2019 #8
+! struggle4progress Oct 2019 #22
Time to grab the money and run C_U_L8R Oct 2019 #9
Trump will force a foregin company to buy it full price or face US military retribution Johnny2X2X Oct 2019 #10
Hmmm. . . . matt819 Oct 2019 #11
Divesting before they all head out of the country to hide. redstatebluegirl Oct 2019 #13
This message was self-deleted by its author redstatebluegirl Oct 2019 #14
The hotel property will never be worth more than it is right now. Calista241 Oct 2019 #16
Can you sell property you are leasing from US Govt? kentuck Oct 2019 #17
Maybe he's talking about selling the "franchise" not the property? FakeNoose Oct 2019 #20
If he's in arrears, Control-Z Oct 2019 #23
That's a good point I hadn't thought of, FoxNewsSucks Oct 2019 #28
Slumlord Gumlord Blue Owl Oct 2019 #18
Oh that boy ain't rite. There's sumpthin' wrong with him! NurseJackie Oct 2019 #21
Losing money? Gotta be. Trumps never do anything for the right reason. Autumn Oct 2019 #25
Love to see the Leasing agreements and Wellstone ruled Oct 2019 #29
If they were actually 'raking in' money, they wouldn't think about selling it. spanone Oct 2019 #30
Could this be connected to the impeachment inquiry? Flaleftist Oct 2019 #31
Don't fall for their narrative... Blue_Tires Oct 2019 #32
It's poison to anyone other than Trump suck-ups and "influence buyers." n/t Miles Archer Oct 2019 #34

Response to Miles Archer (Original post)

Guy Whitey Corngood

(26,501 posts)
19. Little known fact, Sloth eventually got cosmetic surgery and now looks waaaay better
Fri Oct 25, 2019, 01:32 PM
Oct 2019

than Dumbass Jr. Jr.

Response to dewsgirl (Reply #15)

Hekate

(90,714 posts)
33. They have properties all over the world in countries run by dictators they admire. Take the money...
Fri Oct 25, 2019, 03:53 PM
Oct 2019

...and run, Grifter Family.

unblock

(52,253 posts)
4. for the discriminating real estate investor looking for political corruption with a view!
Fri Oct 25, 2019, 12:59 PM
Oct 2019

includes unlimited pardons for the first three months!

Newest Reality

(12,712 posts)
5. Don't worry slumlord...
Fri Oct 25, 2019, 01:01 PM
Oct 2019

It will eventually all be over. I do appreciate your inherited sense of boisterous overconfidence, but it is a bit late for that and if you are attempting to do some PR here, (which I would expect) that's not really going to be convincing, you slimy piece of rat shit and a whole lot of expletives to go with it.

I would hope that the shady deals you "developers" do will be more of an incentive to avoid your racket, though. It is a wise business decision to steer clear of the dirty deals of Trump Pump, Inc.

Take your company to hell with you and your family, thank you. And I don't like to do ad homium attacks, but you may actually be far more repulsive to look at than your demon sire, spawn boy. You know, some major plastic surgery wouldn't set you back that much, but at least you are good to go once a year and Halloween is near! Trick or Treat ya' bastid!



Hugin

(33,162 posts)
6. yeah, what he said...
Fri Oct 25, 2019, 01:03 PM
Oct 2019

Plus, if Poppa Blunder gets the big I or ultimately loses the GE. The whole international tip jar scam is dead.

Cut-n-run is obviously a major Trump business plan... See: Syria.

brush

(53,787 posts)
8. That hotel won't be nearly as profitable without people staying there to curry favor with trump...
Fri Oct 25, 2019, 01:09 PM
Oct 2019

and holding events there for the same reason.

Johnny2X2X

(19,066 posts)
10. Trump will force a foregin company to buy it full price or face US military retribution
Fri Oct 25, 2019, 01:12 PM
Oct 2019

That's what we're heading towards. "Buy my family's stuff or the US won't support you and might bomb you."

matt819

(10,749 posts)
11. Hmmm. . . .
Fri Oct 25, 2019, 01:16 PM
Oct 2019

Sure, it's controversial, but if it's making money, you don't sell it.

So. . . it's not making money.

From 2015 - https://www.hotel-online.com/press_releases/release/us-hotels-selling-at-record-highs-with-average-selling-price-per-room/ - average selling price per room is $165,000. Add 5% per year since 2015 (just for grins) and then triple it for luxury hotels, and you're still only at $600,000 per room selling price. So $2 million per room? I'm not in the hotel biz, but recovering that money has to take a while.

So. . . they're talking ridiculous numbers.

Then we have prospective buyers. We're probably talking Qatar or Saudi Arabia or Russia, or something along those lines, so we're probably talking about money laundering or, more likely, just outright buying a president in plain sight.

So. . . that's an issue.

And if it's a legitimate buyer paying a reasonable price, whatever that may be, they have to factor in the costs of rebuilding the brand of that particular property and cleanse it of the vile name and its equally vile reputation as a hotbed of conflict of interest corruption.

And, then, finally (at least for this post), you have to consider the likelihood - especially if the buyer is Qatar/Saudi/Russia/etc - that there will be a side deal that continues to funnel money to trump mob family for years to come.

And all of this assumes that this is even true or yet another distraction.

Response to Miles Archer (Original post)

Calista241

(5,586 posts)
16. The hotel property will never be worth more than it is right now.
Fri Oct 25, 2019, 01:22 PM
Oct 2019

Ideal location, luxury accommodations, historic building, pompous owner - all checks. I mean, if Trump can do one single thing, it's provide a luxurious hotel experience. And it literally is one of the best locations for a hotel in the city.

That being said, if they're anticipating a revenue drop should Trump lose the election, the hotel will drop in value. For potential buyers, Trump winning the election would be a point in favor of the property. A hotel in this location will be successful almost no matter what, and that's a bet even Trump couldn't lose; but being able to trade on the Trump name in the Trump administration could bring in a premium offer from the right buyer.

kentuck

(111,102 posts)
17. Can you sell property you are leasing from US Govt?
Fri Oct 25, 2019, 01:22 PM
Oct 2019

He probably has violated the terms of the lease and could lose it outright in a court case?

FakeNoose

(32,645 posts)
20. Maybe he's talking about selling the "franchise" not the property?
Fri Oct 25, 2019, 01:38 PM
Oct 2019

I don't know, but Uncle Sam owns that building - it's the former U.S. Post Office administration building.

Control-Z

(15,682 posts)
23. If he's in arrears,
Fri Oct 25, 2019, 02:33 PM
Oct 2019

he probably ordered the government office (the one he would have made his payments to) to overlook his missed payments. After all, he is known for stiffing folks.

FoxNewsSucks

(10,434 posts)
28. That's a good point I hadn't thought of,
Fri Oct 25, 2019, 03:06 PM
Oct 2019

I wonder if anyone can verify that the grifter tRump scum organization is actually paying the rent due for that building.

 

Wellstone ruled

(34,661 posts)
29. Love to see the Leasing agreements and
Fri Oct 25, 2019, 03:30 PM
Oct 2019

the covenants associated. My guess is,this property is now at full Real Estate Tax ability since being moved from Governmental to a Lease Private operator status.

Moscow Don does not like paying Real Estate Taxes by all accounts. And from what we do know,D.C. Commercial Property Taxes are Biggly Yuge.

Bet this Sucker is in mega arrears on Tax and Rents. And most likely all Utilities.

Good way for Ricketts Family as well as Sam Zell or his Business Partner Phil Riffin to pick up a white elephant and help enrich a friend.

Flaleftist

(3,473 posts)
31. Could this be connected to the impeachment inquiry?
Fri Oct 25, 2019, 03:42 PM
Oct 2019

Everyone is focused on Ukraine right now, but isn't the finance committee also doing their own investigations? Maybe they found something, some GOP rat turned around and warned Trump and he is trying to get ahead of it by selling the hotel?

Or maybe he just really needs the money.

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