Local Grifter Announces Emoluments Central for Sale, Inquire Within

“I don’t know where the dead hookers are buried.”

Hey guys, it looks like the Trump Crime Family is gonna unload Emoluments Central, er, the DC hotel!

CNN reports that the Trump Organization (which continues to enrich our grifter-in-chief) wants to sell the lease to the Trump International Hotel in Washington!  They have made an investor brochure that says a new owner is gonna be knee-deep in all the foreign money thrown its way!

Let’s explore! (emphasis mine)

Tremendous upside potential exists for a new owner to fully capitalize on government related business upon rebranding of the asset,” reads the 46-page investor pitch. The Trump Organization insists that its refusal to solicit foreign business has cost it more than $9 million. According to the brochure, those “sacrifices” include turning away 17,100 room nights in 2019, resulting in $5.3 million in lost room revenue and $3.9 million in lost food and beverage revenue. The investor pitch is an explicit acknowledgment of how important foreign business is to the 263-room luxury hotel in the Old Post Office building blocks from the White House.

It’s nice of them to lay out for us how much they turned down, because it makes it that much easier to make the case that they knew they were criminals (emphasis mine):

Though it includes specific numbers of how much money it turned away from foreign governments, the pitch does not include figures for how much the hotel has accepted, despite reports showing it has become a magnet for foreign officials. Nor does it provide actual or historical financial performance data for the hotel, which is named in multiple lawsuits accusing Trump of using the property to illegally profit off his presidency…

Despite the Trump Organization’s claims that it turned away millions of dollars in business from foreign governments, the Washington hotel has done brisk business with them. Delegations from Saudi Arabia, Malaysia, and Kuwait have stayed at the hotel or held events there, along with members of Trump’s cabinet and GOP fundraisers. The prime minister of Romania reportedly booked a room earlier this year.

So… what’s that pile of bricks worth?

$500 million selling price

A person familiar with the matter told the Wall Street Journal that the company is hoping to get more than $500 million for the property, or about $2 million per room key (the sales price divided by the number of rooms) — which would be one of the highest prices ever paid for a hotel in Washington.

By contrast the Rosewood Hotel, a luxury five-star property in Georgetown, sold for $1.3 million a room key in 2016.

You may recall earlier:

All that glitters…

“People are objecting to us making so much money on the hotel, and therefore we may be willing to sell.”

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5 Responses to Local Grifter Announces Emoluments Central for Sale, Inquire Within

  1. As always follow the money. Trump Org knows trump prez is on his way our, and wants to unload the cash cow while it’s still milkable. With trump gone the name is gonna be poison, and paying bribes booking rooms there will get you nothing.

    Any actually business-savvy investor knows this full well. So watch the money, see who bites at this lavish money laundering business opportunity.

    You can damned well bet if trump executive-decides that sanctions on Vlad are poof gone, a buyer will miraculously come in with a full price all-cash bid…and the US will have a FSB-infiltrated Russian Mob Trash Palace in the heart of DC. Hot&cold running honeypots.

    Liked by 4 people

  2. MDavis says:

    I didn’t know that the Feds allow subletting!

    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.

    https://www.rawstory.com/2019/10/for-sale-news-that-trump-selling-dc-hotel-draws-criticism-protest/

    Liked by 1 person

  3. w3ski4me says:

    So he sells “his” hotel. Doesn’t that open up an entirely new level of emollient violations? Can he make “x mill” as prez?
    w3ski

    Liked by 1 person

  4. Dennis Cole says:

    Uhhh, correct me if I’m wrong, but isn’t the lease on US Gov’t. property non-transferable? It might be just that one building specifically, but I’m sure I came across that tidbit somewhere.

    Liked by 2 people

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