Happy Hour News
Former President Trump is in advanced talks to sell rights to his Trump International Hotel in Washington, D.C., sources tell Axios.
Why it matters: The removal of Trump’s big, golden name from Pennsylvania Avenue would be a symbolic bombshell savored by opponents.
Oh, hell, yes! Emoluments Central!
- The historic building became a prop and symbol for both sides in the political wars.
- The hotel was a central setting during his chaotic presidency, with Trump preening at his personal table, and supporters and supplicants thronging the lobby bar and restaurants to curry favor.
“…to curry favor and moisten his beat.” FIFY
- Sources said the former president is likely to get less than the $500 million he was reportedly seeking in 2019.
He ain’t gonna get anywhere near that amount for his lease now that the pandemic has clobbered tourism, and frankly, kissing his orange ass is why it had the rack-rate it had.
- When Trump left office, The Washington Post reported that the D.C. hotel had a $170 million loan outstanding, and had seen revenue drop more than 60 percent compared to the previous year.
- In early June, the Post reported that Trump had hired the brokerage firm Newmark Group to market the lease.
- The original commercial real estate brokerage firm, Jones Lang LaSalle Inc., dropped out following the Capitol riot, Bloomberg reported.
It’s funny how no one mentions that Twizzler was trying to unload it in 2019. Go figure that the dumbest one of all couldn’t unload it for $500M Ameros.
(H/T Scissorhead D-Cap)