Trump International Hotel in Washington D.C. has lost more than $1 million in net income...

WVMade

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Aug 23, 2016
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in its first two months of operation.

The financial figures also note that reported revenues are $2 million less than estimates provided to the General Services Administration by the Trump Organization when they took over the property.


Typical Trump. Refuses to pay contractors (5 million), loses investor money and tax breaks, pockets millions claiming to be a genius.
 

PriddyBoy

Junior
May 29, 2001
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pockets millions claiming to be a genius.
 

WVU82_rivals

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May 29, 2001
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https://www.trumphotels.com/washington-dc/luxury-washington-dc-hotels

In July 2016, The Trump Organization broke ground on Trump International Hotel, Washington, D.C., the company's $200 million redevelopment of The Old Post Office Washington, D.C. Congresswoman Eleanor Holmes Norton, Mayor Vincent Gray, Muriel Bowser, Councilmember, Ward 4, Council of the District of Columbia, and Norman Dong, Commissioner of the Public Buildings Service for the United States General Services Administration, joined to celebrate the occasion. The property’s transformation, complete with 263 luxurious guest rooms, opened its doors September 12, 2016 and became the newest addition to the rapidly growing Trump Hotels™.


http://www.huffingtonpost.com/entry/trump-washington-dc-hotel_us_58863d1ce4b096b4a23349aa

The hotel’s revenue was just $1.3 million in September and $2.8 million in October.

But since early November, when Trump won his unexpected election victory, numerous annual parties held by foreign embassies, lobbying groups and the Republican National Committee have been booked in his hotel’s ballrooms. The hotel manager held an event for foreign diplomats urging them to stay there as a way to curry favor with the Trump administration. During the inauguration festivities, the hotel was a hot spot for big donors, Trump’s foreign business partners and others looking for the immersive Trump experience.
 
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WhiteTailEER

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Jun 17, 2005
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And the Clinton foundation is shutting down because nobody is going to donate any money because the crooked Clintons have nothing to really offer now.

Who cares?
Neither of them are public servants now ... but Trump is ... so his actions should be monitored and he should be held accountable for any wrong doings.

Do you not agree with that?
 

lenny4wvu

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May 17, 2009
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Who cares?
Neither of them are public servants now ... but Trump is ... so his actions should be monitored and he should be held accountable for any wrong doings.

Do you not agree with that?
Let's tally the Cuntons first and then we'll focus on Don..And while your grasping for straws,be sure to get your eye prescription updated. The WH staff has replaced the straws with poison porccupine needles..#HAVEFUNMORON
 

WhiteTailEER

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Jun 17, 2005
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Let's tally the Cuntons first and then we'll focus on Don..And while your grasping for straws,be sure to get your eye prescription updated. The WH staff has replaced the straws with poison porccupine needles..#HAVEFUNMORON

I think we have the resources to do both concurrently rather than sequentially.

The rest ... I have no idea what you're even getting at.
 

Boomboom521

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And the Clinton foundation is shutting down because nobody is going to donate any money because the crooked Clintons have nothing to really offer now.
Was the foundation functioning when President Clinton was in office? I'm not sure
 

Airport

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Who cares?
Neither of them are public servants now ... but Trump is ... so his actions should be monitored and he should be held accountable for any wrong doings.

Do you not agree with that?

Well, she isn't in public service but she has broken real law and when you say she should be made to answer for her illegal server,then I will agree with you on Trump.
 

Boomboom521

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Yes she was.
I was just reading a little about it, and the origins go back to 1997 when Bill was looking to find his library (not an uncommon move). Then it wasn't actually officially founded and staffed until 2001 when he left office.
 

moe

Sophomore
May 29, 2001
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Yes she was.
No it was not.
Bill founded the William J. Clinton Foundation in 2001 following the completion of his presidency.[11] Longtime Clinton advisor Bruce Lindsey became the CEO in 2004.[12][13] Later, Lindsey moved from being CEO to being chair, largely for health reasons.[12] Other Clinton hands who played an important early role included Doug Band[14] and Ira Magaziner. Additional Clinton associates who have had senior positions at the foundation include John Podesta and Laura Graham.[11]
https://en.wikipedia.org/wiki/Clinton_Foundation
 

Airport

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No it was not.
Bill founded the William J. Clinton Foundation in 2001 following the completion of his presidency.[11] Longtime Clinton advisor Bruce Lindsey became the CEO in 2004.[12][13] Later, Lindsey moved from being CEO to being chair, largely for health reasons.[12] Other Clinton hands who played an important early role included Doug Band[14] and Ira Magaziner. Additional Clinton associates who have had senior positions at the foundation include John Podesta and Laura Graham.[11]
https://en.wikipedia.org/wiki/Clinton_Foundation

I knew you were going to jump on that, it was in effect when the for sale Secretary of State Clinton was in office. I really didn't see President, I was thinking when Hiliary was Sec of state which was completely quid pro quo. I guess there's no correlation to the fact that she lost and that they are shutting down because nobody is going to give them money now?
 

Airport

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Dec 12, 2001
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I was just reading a little about it, and the origins go back to 1997 when Bill was looking to find his library (not an uncommon move). Then it wasn't actually officially founded and staffed until 2001 when he left office.

I must admit that I read it very quickly and thought the reference was to her being in office, not Bill.
 

Boomboom521

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I must admit that I read it very quickly and thought the reference was to her being in office, not Bill.
I agree it wasn't proper to have the foundation functioning at such a high level while Hillary was Secretary of State, but there is direct oversight of the Secretary of State by the oval. I'm sure you trusted Obama to ensure no quid pro quo was occuring in his administration? (Just a joke). Trump doesn't have that direct oversight, and should be a concern.
 

Airport

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Dec 12, 2001
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I agree it wasn't proper to have the foundation functioning at such a high level while Hillary was Secretary of State, but there is direct oversight of the Secretary of State by the oval. I'm sure you trusted Obama to ensure no quid pro quo was occuring in his administration? (Just a joke). Trump doesn't have that direct oversight, and should be a concern.

Maybe the Federal govt could buy it back from him, lease it to somebody else with the stipulation that he buys it back after he leaves office. Putting it in his childrens names sin't going to appease the left.
 

Boomboom521

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Mar 14, 2014
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Maybe the Federal govt could buy it back from him, lease it to somebody else with the stipulation that he buys it back after he leaves office. Putting it in his childrens names sin't going to appease the left.
To be honest...I don't know if there is a fair fix....I think there should be concern and monitoring. Scrutiny that isn't categorized as bias would be a good start.
 

Boomboom521

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Mar 14, 2014
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Maybe the Federal govt could buy it back from him, lease it to somebody else with the stipulation that he buys it back after he leaves office. Putting it in his childrens names sin't going to appease the left.
I don't think the man should have to abandon all he has built.
 

WVMade

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While Trump's psycho cult obsesses over the insignificant Clintons, U.S. judicial system set to expose Trump's true identity to the world... as expected.:americanflag:

This is just the first week.

Third lien on Trump hotel brings alleged unpaid bills to over $5 million ...
https://www.washingtonpost.com/.../third-lien-on-trump-hotel-brings-alleged-unpaid-bill...
Jan 6, 2017 - [Two contractors allege getting stiffed for work on Trump's D.C. hotel] ... AES had a $17 million contract with the Trumps, and all but the final $2 million had ... Miller said he simply did not want the company, family-owned and ...

Foreign Payments to Trump Firms Violate Constitution, Suit Will Claim

New York Times‎ - 2 days ago
The lawsuit is among a barrage of legal actions against the Trump administration that have .... to file a lawsuit alleging that Mr. Trump is violating the Emoluments Clause.

Apprentice Contestant Sues Donald Trump for Defamation - Time
time.com/.../donald-trump-summer-zervos-sexual-assault-defamation-apprentice/
7 days ago - A former Apprentice contestant who accused President-elect Donald Trump of sexual assault and harassment in October filed a lawsuit ...
 

WhiteTailEER

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Jun 17, 2005
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Well, she isn't in public service but she has broken real law and when you say she should be made to answer for her illegal server,then I will agree with you on Trump.

I've already mentioned that dozens of times on here ... so it's your turn
 

Airport

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I've already mentioned that dozens of times on here ... so it's your turn
He needs to do something with the dC property, maybe selling it back to the US Govt, having them lease it to Marriott or Hilton with the proviso that he be permitted to buy it back at fair market value after he leaves office.
 

WhiteTailEER

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Jun 17, 2005
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He needs to do something with the dC property, maybe selling it back to the US Govt, having them lease it to Marriott or Hilton with the proviso that he be permitted to buy it back at fair market value after he leaves office.

What about his other properties? Same thing or only the one in DC? And if only the one in DC, why only that one?

Under your plan, he would have a concerted financial interest in moves that would damage the real estate market so he can buy it back cheaper. Does he not? I'm not saying that he is going to, or that he would ... but it would be financially beneficial for him if he did, wouldn't it?

And that is exactly why people are concerned with conflicts of interest with him, and why people are concerned with his tax returns because it will show who he is indebted to, and who he has extensive financial ties to.
 

Airport

All-Conference
Dec 12, 2001
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What about his other properties? Same thing or only the one in DC? And if only the one in DC, why only that one?

Under your plan, he would have a concerted financial interest in moves that would damage the real estate market so he can buy it back cheaper. Does he not? I'm not saying that he is going to, or that he would ... but it would be financially beneficial for him if he did, wouldn't it?

And that is exactly why people are concerned with conflicts of interest with him, and why people are concerned with his tax returns because it will show who he is indebted to, and who he has extensive financial ties to.

If he hurts the real estate market, just so he could buy it back cheaper, he would be hurting his other properties. Pretty stupid wouldn't you say? Look, I think he's pretty damn egotistical and that wouldn't allow him to do something that would hurt his net worth. None of you guys seem to care when liberals go into govt with little and come out having a wealthy portfolio, Harry Reid, or when Diane Feinstein negotiates a minimum wage relief for American samoa where Starkist is made. Guess who has a major interest in Starkist Tuna? Selective outrage. At the same time, I hope that his holdings can be taking care of to assuage the lefts feeling.
 
Dec 17, 2007
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I do. He should have given it more serious consideration before he ran for office. The Office of the POTUS is not one where there should even be an appearance of conflict of interest.
Two interesting articles in relation to POTUS Trump.

He is in violation of his lease for the Trump Hotel in DC:

http://www.washingtontimes.com/news/2016/nov/29/donald-trump-would-be-violating-dc-hotel-lease-onc/

And he has not properly placed his businesses in trust to isolate him:

https://www.nytimes.com/interactive...ics-experts-trumps-conflicts-of-interest.html
 

WhiteTailEER

Sophomore
Jun 17, 2005
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If he hurts the real estate market, just so he could buy it back cheaper, he would be hurting his other properties. Pretty stupid wouldn't you say? Look, I think he's pretty damn egotistical and that wouldn't allow him to do something that would hurt his net worth. None of you guys seem to care when liberals go into govt with little and come out having a wealthy portfolio, Harry Reid, or when Diane Feinstein negotiates a minimum wage relief for American samoa where Starkist is made. Guess who has a major interest in Starkist Tuna? Selective outrage. At the same time, I hope that his holdings can be taking care of to assuage the lefts feeling.

You really need to stop this. "none of you guys seem to care ..... blah blah blah" First, I have been pretty damn fair in my criticisms all the way around, and second, we aren't talking about any of those other things now, but if you'd like to start another thread to discuss them, have at it. We are talking about Trump's commercial interests as he holds the office of POTUS.

My statement wasn't about his one property, because no, he isn't going to damage the value of all the others for the sake of the one. However, my question was, why just that one and not the others? If it is all of them, then he has a damn good reason to crash the market. He sells everything for $1B, buys it back at $600M, and then real estate goes back up and he's profited all of that money.

Having said all of that ... I'm less interested in his hotel in DC than I am regarding to whom he is indebted.