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Thread: Trump's hotel in D.C. will reportedly be sold

  1. #11
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    Quote Originally Posted by Green Man View Post
    Your definition of suspect sources seems rather broad.

    The WSJ is Marxist? What sources do you consider acceptable?
    Zero US MSM source that's existed before 2021!!!!

  2. #12
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    You want to do us the favor of listing the few that you consider acceptable?

  3. #13
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    Here's an update from The Hill:

    Trump Organization reaches $375M deal to sell rights to DC hotel: report

    BY MYCHAEL SCHNELL - 11/14/21 The Trump Organization has reportedly reached an agreement to sell the rights to the Trump International Hotel in Washington, D.C., for $375 million.

    The Wall Street Journal reported on Sunday, citing people familiar with the matter, that CGI Merchant Group, an investment firm based in Miami, reached an agreement with the Trump Organization for a lease to the Trump hotel located on Pennsylvania Avenue.

    CGI Merchant Group has also reportedly landed a deal with Hilton Worldwide Holdings Inc. to rebrand and remove the Trump name from the property. Once the deal is finalized, the property will be managed by Hilton’s Waldorf Astoria group, sources told the Journal.

    The parties involved are expected to tie up the sale early next year, according to the Journal.
    The Trump Organization opened the hotel, which is located in the Old Post Office, in 2016. It is owned by the federal government, but with extensions taken into account, the lease would last for nearly 100 years, the Journal noted.

    The Hill reached out to former President Trump and the Trump Organization for comment.
    Reports of an agreement for the sale of the Trump family’s Washington, D.C., comes as the House Oversight and Reform Committee is looking into potential conflicts of interest related to Trump in addition to possible emoluments issues, the Journal noted.

    The committee is also examining how the General Services Administration (GSA) managed the lease for the establishment. The agreement was made before Trump launched his bid for president, but the committee is still reportedly examining how Trump handled potential conflicts of interest while in the White House.

    Democrats argue that the president concealed a large amount of debt during the GSA’s initial bidding process for the hotel and falsely cushioned his finances by excluding loan balances that he owed for his properties in Chicago, Las Vegas, New York and San Francisco.

    They also argue that Deutsche Bank gave Trump special treatment by allowing him to put off some payments on the $170 million loan for the hotel.

    Trump and his company, however, have held that they did not commit any wrongdoing.

    Trump notably quipped during the September 2016 debate against Democratic nominee Hillary Clinton that he would make it to Pennsylvania Avenue, win or lose, because of his incoming hotel.

    “We’re just opening up on Pennsylvania Avenue, right next to the White House. So if I don’t get there one way, I’m going to get to Pennsylvania Avenue another,” Trump said on the debate stage.

    The property soon became a top gathering place for Republicans and Trump allies in Washington, with lawmakers, lobbyists, business people and even fans flocking to the lavish hotel.

    The Trump Organization has asserted that it did not advertise its establishment to notable foreign individuals, and it has held that the company repaid the government for money it made off of official guests through checks to the Treasury Department, the Journal noted.

    Documents obtained by the House committee and unveiled last month revealed that the Trump International Hotel in Washington, D.C., lost more than $71 million between 2017 and 2020, when Trump was serving in the White House.

    According to Trump’s financial disclosure forms from when he was serving as president, his eponymous hotel brought in roughly $150 million in revenue in his four years as president, the Journal noted.
    The most recent disclosure, which included all of 2020 and the first weeks of 2021, showed that the revenue the property raked in fell from $40 million in 2019 to $15 million, the newspaper reported, but a number of hotels saw similar decreases in earnings amid the pandemic.


    • Noah Bookbinder, the president of Citizens for Responsibility and Ethics in Washington, reacted to the news by saying Trump should have been forced to divest from the hotel before he entered the White House.


    He said Trump “rode out four years of using it for influence peddling and constitutional violations” in a statement to The Hill.

    “Selling it now that he’s out of office and the grift dried up is, to say the least, too little, too late,” Bookbinder added.

    https://thehill.com/homenews/administration/581491-trump-organization-reaches-375m-agreement-to-sell-rights-to-dc-hotel

  4. #14
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    I've made no bones that I have issue's with Orange man, but this one is just foolish. Talk about looking a gift horse in the mouth. The man builds/installs a hotel in case he's not president to actually make legitimate money, wins the presidency, provides free room and board in his luxury hotel for government business by repaying any funds made that way, loses his backside financially on this deal and then divests himself of a losing proposition, due to the covid hoax (smart business move) and now they are boo-hooing about it?
    Like I said foolish, OR... the folks crying about it have never worked a day in their lives at a real job and have no clue how business actually works. No one remembers the alternative energy company that Obama financed with several millions of dollars of TAXPAYER money that crashed and made several senators and congresscritters very wealthy on insider trading information, nor the extortion of other nations and outright sell outs to enemy nations or the outright treason committed by the Biden/Harris/Pelosi democrat administration both prior to being installed in the White House, and continuing to this day. The WSJ has never been anything but a shill for the corruption that is the DC swamp. They simply can't stand that Orange man was better at the game than they are and has been for ~50 years.
    Finally Noah Bookbinder, needs the books at CREW studied to find out what assets he should divest himself of before he throws rocks. His glass house isn't strong enough to withstand such idiocy, never mind that he has absolutely no concept of what the constitution says with regards to presidential private property, and should probably go work on the low hanging fruit that is currently in the halls of congress on both sides, instead of wasting time with someone no longer in power.

  5. #15
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    Trump is many things, he is not a fool. Common wisdom says that real estate is the best hedge against inflation and DC has the most inflated RE values in the US. I'm guessing that Trump is selling 'high'... he might buy it back when it is 'low'. But know this, Trump is in 'war mode' and does not have a egotistical attachment to structures. DC, and everything in it, can be replaced. It is not the soil, but the blood that has watered it, that is sacred.
    They swore, if we gave them our weapons, that the wars of the tribes would cease.
    As a general rule, the earlier you recognize someone is trying to kill you, the better off youll be.

    "You think a wall as solid as the earth separates civilisation from barbarism. I tell you the division is a sheet of glass."



  6. #16
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    READ the story.. "GREENMAN" Proves are don't read before posting!!!

    Proves writers don't know definitions!!!

    LEASE LEASE LEASE

    Lease definition-- a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment

    SOLD SOLD SOLD-

    Sold definition-o dispose of something by sale thinks now is a good time to sell 2 : to achieve a sale also : to achieve satisfactory sales hoped that ...

    It's a 100 year lease!!!

  7. #17
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    A lease can indeed be sold in certain circumstances.

  8. #18
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    Quote Originally Posted by Green Man View Post
    A lease can indeed be sold in certain circumstances.

    Trying to to change the definition of "SOLD"!!!

    Right now its a "LEASE" not a "SALE"...

    Again 100 year "LEASE"..

  9. #19
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    https://www.foxbusiness.com/politics...el-375-million

    Donald Trumps family hotel company has reached an agreement to sell the rights to its glittering Washington, D.C., hotel for $375 million, according to people familiar with the matter.

  10. #20
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    Quote Originally Posted by Green Man View Post
    https://www.foxbusiness.com/politics...el-375-million

    Donald Trumps family hotel company has reached an agreement to sell the rights to its glittering Washington, D.C., hotel for $375 million, according to people familiar with the matter.

    "sell the rights" again It's a "LEASE" not a "SALE"

    No matter how you try to spin this HOPPY!!!!!!!!

    It's laughable you think i trust "FOX" as a source!!!!

    It's clear you have not seen what I've been saying about "FOX" for years on Tree..

    Their moves lately prove "My statements about FOX".

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