FLOTSAM & JETSAM: Trumps attempting to sell DC hotel based on advantage of foreign businesses

Sunday, November 17, 2019

Trumps attempting to sell DC hotel based on advantage of foreign businesses

Daily Kos - One of Donald Trump’s companies is looking to sell off one of its crown jewel properties: the lease on the building currently housing the Trump International Hotel in Washington, D.C. The historic Old Post Office building, which is located near the White House, is still owned by the federal government. In 2013, it was leased to DJT Holdings, LLC, a holding company owned by Donald Trump. The lease was for 60 years and the Trump family converted it into the now infamous hotel, which opened in September 2016, right around the time our democracy started a steady descent into hell.

The Trump family has decided to sell the lease on the hotel, creating a glossy sales pitch for potential buyers. The sales pitch includes some head-scratching benefits. From CNN:
The hotel's biggest selling point though, according to a copy of the brochure seen by CNN, is the one thing that the Trump family insists it didn't take advantage of: profiting off foreign governments. "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.