In the history of mankind, many republics have risen, have flourished for a less or greater time, and then have fallen because their citizens lost the power of governing themselves and thereby of governing their state. TR

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Trump Family Considers Selling Its Banner Washington Hotel

If you come to Washington, the Trump hotel has to be one of your destinations. The lobby, with its bars and seating, is spectacular.

The other fun part is that you never know who Republican glamosphere you’re going to see there. Tucker, Rudy, Lewandowski, etc., etc.

Anyway, looks like they’re going to flip the property. I like it as it is, but I hope the new owners will make it so I can get a gin and tonic without taking out a second mortgage.

From the Wall Street Journal:

President Trump’s real-estate business is considering unloading its opulent Washington, D.C., hotel, a move it says is motivated partly by criticism that the Trumps are flouting government-ethics laws by profiting from the property.

The family business, the Trump Organization, has hired the real-estate firm JLL to market rights to the Trump International Hotel, Eric Trump, an executive vice president of the company, told The Wall Street Journal. The Trumps don’t actually own the hotel, which is the former Old Post Office, but lease it from the federal government. With extensions, the lease runs close to 100 years, and a new owner could control the property well into the next century.

A number of groups have over time expressed interest in buying the hotel’s lease, Eric Trump said in a statement. “Since we opened our doors, we have received tremendous interest in this hotel and as real-estate developers, we are always willing to explore our options,” he said.

He added that scrutiny of the hotel’s profits was another reason the family is considering a sale: “People are objecting to us making so much money on the hotel, and therefore we may be willing to sell.” 

The company is hoping to fetch more than $500 million for the lease rights, or a price of about $2 million a room key, people familiar with the matter say. That would make the sale one of the highest-priced hotel deals ever by this popular industry valuation metric, according to data tracker STR Inc.

Mr. Trump, breaking with recent precedent, didn’t sell his businesses after being elected president, instead placing his holdings in a trust to be run by his sons. That has sparked criticism from Democrats and watchdog groups that owning properties at which foreign, federal, state and local governments spend money could violate constitutional bans on the president’s receiving “emoluments”—things of value—beyond his fixed salary.

6 thoughts on “Trump Family Considers Selling Its Banner Washington Hotel”

  1. Progs win again. You can forsee how this will be played, “Trump finally had to sell his hotel because we made it clear that he was cheating and making money off its use by, etc.”

    Puke.

  2. At first blush I hated it too but if the Trump brand can turn a massive profit God Bless. They have also removed the Trump name from the rotting ice skating rink in Central Park (Wollman) that he saved from oblivion. Gotta move on President Trump inspires me everyday with his tenacity and love for this country …I’m not going to let him down

    1. So well said, Patty! I love this statement you make and I want to remember it: “President Trump inspires me everyday with his tenacity and love for this country …I’m not going to let him down”

      That is the right attitude for all of us! thank you!

  3. Really? It’s Ok to report this Keith — I just see that the story is that Trump is not a government paycheck guy that has only this option…

    “…..Mr. Trump, breaking with recent precedent, didn’t sell his businesses after being elected president, instead placing his holdings in a trust to be run by his sons…..”

    The businesses of these other folks is government paychecks… Trump is in the real world…

    The idea that you have to be a government person to be president is crap — serve the term – go back to personal life.

    This is such crap – there is no story there — they are able to cash out and why not — it is a free country (now, sort of, a little bit yet)

    Before becoming US President, the previous presidents were mostly government workers…

    Obama – US Senator – Illinois
    GWBush – Governor of Texas
    Clinton – Governor of Arkansas
    GHWBush – VP of US
    Reagan – Governor of California
    Carter – Governor of Georgia
    Ford – VP of US
    Nixon – VP of US
    Johnson VP of US
    Kennedy – Senator
    Eisenhower – Government Industrial Complex man
    Truman – VP
    FDR – Governor of NY….
    I am getting tired of it.. I can still keep going backward into the 1800’s…. but I got better things to do….

    1. And Obama somehow managed to become a multimillionaire *during* his terms by nothing more than ‘overseas book sales’, for which he always took the Foreign Tax Credit to lower his tax liability to the USA…. Writing and selling books is as much a business that benefits from “emoluments” as any other – especially when those books are sold in foreign markets.

      A search will turn up the Forbes article published Jan 20, 2017, titled “How Barack Obama Has Made $20 Million Since Arriving In Washington”:
      “Three-fourths of that money came from lucrative book deals… In total, Obama has earned $15.6 million as an author since arriving in Washington.

      “He has made $8.8 million from his bestseller Audacity of Hope and children’s book Of Thee I Sing: A Letter To My Daughters. Sales of his memoir Dreams From My Father, originally published in 1995, also took off once he landed in the nation’s capital, resulting in a $6.8 million windfall for the president. Obama made another $3.7 million from government salaries. ” ~ Dan Alexander, Forbes

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