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catbyte

(34,402 posts)
Fri Oct 25, 2019, 02:19 PM Oct 2019

'Gotta cash out now': Trump Organization mocked for rushing to sell DC hotel with election approachi

Note: I'm using Raw Story for those who would hit WP's paywall. I'll post the links full articles below.

Brad Reed

President Donald Trump’s prized hotel in Washington, D.C. has raked in significant cash from foreign nationals and corporate bigwigs who have stayed there as a way of currying favor with the president.

But what happens to the hotel’s value if Trump doesn’t win reelection next year?

That’s a question many people are asking in the wake of a Wall Street Journal report that the Trump Organization is looking to sell the rights to the Trump International Hotel Washington D.C., a little over a year before the 2020 election is set to take place.

According to the Journal, the Trump Organization is hoping to fetch $500 million for the hotel, which amounts to roughly $2 million per room key.

The rush to sell the hotel before an election year sparked widespread mockery across the web, as many Twitter users said it looks like the Trump Organization is trying to get some money for the property while it still can.

https://www.rawstory.com/2019/10/gotta-cash-out-now-trump-organization-mocked-for-rushing-to-sell-dc-hotel-with-election-approaching/

https://www.washingtonpost.com/business/2019/10/25/trump-organization-consider-sale-dc-hotel-lease-sources-say/

https://www.wsj.com/articles/trump-organization-exploring-sale-of-marquee-washington-hotel-11572019874?mod=hp_lead_pos1

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On edit: The way this shit show is going, the only thing that crime syndicate will be able to sell is maybe a Trump Luxury Trailer Park in Bumfuck, AL.
7 replies = new reply since forum marked as read
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'Gotta cash out now': Trump Organization mocked for rushing to sell DC hotel with election approachi (Original Post) catbyte Oct 2019 OP
But...but... Ohiogal Oct 2019 #1
Correction..Bumfuck is in Mississippi.... dixiegrrrrl Oct 2019 #2
Unless a fix is in, I'm betting they don't get their price. LaurenOlimina Oct 2019 #3
Don't forget about Qatar's bailout of young jared's 666 Fifth Avenue boondoggle. catbyte Oct 2019 #5
KAAAAAAAAAAAAAA -ching! LaurenOlimina Oct 2019 #6
Telling sign that tRUMP doesn't expect to be re-elected. WyattKansas Oct 2019 #4
I've said it before... llmart Oct 2019 #7

Ohiogal

(32,005 posts)
1. But...but...
Fri Oct 25, 2019, 02:29 PM
Oct 2019

Not long after he was elected, he insisted that he divested himself from all his businesses! He even had a bunch of files on a desk to show us and everything!

Are we to understand that was all fake??? and put on just for show???

 

LaurenOlimina

(1,165 posts)
3. Unless a fix is in, I'm betting they don't get their price.
Fri Oct 25, 2019, 02:42 PM
Oct 2019

Of course, this could be a good way to launder half-a-billion dollars into Trumps pocket for the election.

"The limits apply to all types of contributions (except contributions made from a candidate’s personal funds)."
[link:https://www.fec.gov/help-candidates-and-committees/candidate-taking-receipts/contribution-limits/|
https://www.fec.gov/help-candidates-and-committees/candidate-taking-receipts/contribution-limits/]

catbyte

(34,402 posts)
5. Don't forget about Qatar's bailout of young jared's 666 Fifth Avenue boondoggle.
Fri Oct 25, 2019, 03:15 PM
Oct 2019

I wonder how he betrayed America when that deal went down. I can hardly keep up with the stinking scandals from that crime syndicate posing as an "administration."
------------------------------------------------------------------------------------------------
Dems Have Some Questions About Qatar’s Miraculous Bailout of Jared Kushner

Lawmakers are in talks to launch a probe into the First Son-in-Law’s family business deals.


By Bess Levin
March 8, 2019

In 2007, on the eve of the global financial crisis, a 26-year-old Jared Kushner bought a Midtown tower with the inauspicious address of 666 Fifth Avenue for what was then a record-setting $1.8 billion, putting down just $50 million and borrowing the rest. At the time, Kushner was helping out with the family business in the aftermath of his father’s conviction for tax evasion, witness tampering, and illegal campaign contributions, and was eager to make his mark in the industry. And oh, how he did! Kushner Companies was unable to get the office rents they expected, the building was perpetually 30 percent vacant, and even its partners were saying things like “[666] would be worth a lot more if it was just dirt.” As the February 2019 due date for a $1.4 billion mortgage approached, the Kushners crisscrossed the globe attempting find partners for a Hail Mary plan to raze the property and replace it with a new tower—one that would’ve required even more money, including a $4 billion construction loan—to no avail. (The family was reportedly rebuffed by everyone from the richest man in France to the South Korea’s sovereign-wealth fund.) And then, as if by magic, Brookfield Asset Management purchased a 99-year lease on the building, giving the Kushners enough to pay off their debt and buy out Vornado Realty Trust, which owned the retail part of the property. And even though Brookfield has insisted that its second-largest investor, the Qatar Investment Authority, knew nothing about the deal to bail out the the president’s son-in-law and senior adviser, some Democrats don’t seem to be buying it!

Axios reports that House Dems Maxine Waters, Elijah Cummings, and Ted Lieu are “discussing investigating the cash infusion the Kushner Companies’ flagship New York office tower received in summer 2018.” Lieu, who sits on the House Judiciary and Foreign Affairs committees, told reporter Alayna Treene that he finds the deal “really troubling.” According to Cummings, his team has been “looking at that for a while.”

If the House has been concerned about the details of the 666 bailout for some time, those concerns were presumably turbo-charged last week when The New York Times reported that Kushner only received top-secret security clearance because Donald Trump demanded it over the objections of intelligence officials, his chief of staff, and the then-White House counsel, all of whom were reportedly worried about the Boy Prince of New Jersey’s “foreign and business contacts.” Kushner did little to dispel the notion that he’d sell state secrets to the highest bidder to finance some condos in Jersey City by refusing to allow embassy staffers to sit in on his meeting last week with Crown Prince Mohammed bin Salman, who U.S. officials fear views Kushner as a ripe target for manipulation.

snip

https://www.vanityfair.com/news/2019/03/jared-kushner-666-5th-ave-qatar

WyattKansas

(1,648 posts)
4. Telling sign that tRUMP doesn't expect to be re-elected.
Fri Oct 25, 2019, 03:14 PM
Oct 2019

And that tRUMP is ready to cut bait and run for the hills away from government scrutiny. Now that the tide is turning, he is trying to slip out the door.

The problem for tRUMP is that he didn't just defraud a contractor or investors, he fucked over the United States of American and millions of loyal public servants who do their jobs with honor and integrity. Not to mention, 'We The People'.

tRUMP now knows that he is in over his head and he is hoping to save the family business and brand from him defrauding of the U.S. Government for his spawn.

Just wait till the U.S. Government seizes every property used in every tRUMP crime to defraud the government. Probably even more aggravating to honorable public servants if those assets were ill gotten gains financed by Russia.

llmart

(15,540 posts)
7. I've said it before...
Fri Oct 25, 2019, 03:20 PM
Oct 2019

Watch as he and his grifting family step it up (the grifting that is) to load up their off shore accounts as much as possible before the proverbial shit hits the fan, which they probably know is any day now.

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