Forum Thread

The Trump International hotel


Reply to ThreadDisplaying 2 Posts
  • Are you sure you want to delete this post?
        

    Trump's iconic D.C. hotel will likely be sold in the near future for slightly more than $370 million, a deep discount from the asking price of $500,000.

    The Trump organization leased the building from the General Services Administration in 2013, and spent $250,000,000 renovating it. It reopened in 2016. The renovation required a loan of $170 million, and it is coming due soon, in spite of preferential treatment from the lender (Deutsche Bank?).

    As president, Trump hosted dozens of dinners in the hotel’s restaurant and caught flak from ethics watchdogs for encouraging administration officials to visit the facility.

    One group, Citizens for Responsibility and Ethics in Washington, logged 973 visits to the hotel by public officials during Trump’s term in office.

    Between its opening and last week, the hotel had lost $70 million.

    The new owner will remove the Trump name from the property.

    https://nypost.com/2021/10/12/trump-organization-reportedly-close-to-selling-dc-hotel-for-over-370m/

  • Are you sure you want to delete this post?
        
    Then the question remains, who will pay-of the huge "debts"? Trump seldom did "pay-of" any debts he incurred. Deutsche Bank should be dragged in before an "judge" if possible. There is still the question did "money" flow from Putin to Deutsche Bank and then be "loaned" to Trump? I think the investigation of Trump's finances etc. should be part of the January 6th investigation. The statement of: "Follow the "money" should apply.