Nobody wants DC Hotel, and broker has quit

[struggle4progress]

INSURRECTION HOTEL
JAN. 11, 2021
By Jeff Andrews

... JLL, the real-estate brokerage that has been marketing the sale of the Trump D.C. hotel, says it is no longer involved in the effort, according to the Washington Post. The Trump Organization has been shopping its lease on the 263-room hotel for the past year, hoping to fetch $500 million for a hotel that, according to one potential buyer, has underperformed since Donald Trump took office in 2017.

... There were already clear signs that the hotel was becoming a liability when the Trump Organization put plans to sell it on indefinite hold in November after bids came in at less than half the asking price. And its requirement that the new owners retain the Trump name as part of any deal was a sticking point ...

... Trump hotels worldwide have suffered since his fateful trip down the Trump Tower escalator in 2015, which transformed his brand from brash rich guy to racist authoritarian demagogue. Businesses and conferences won’t want to deal with the potential blowback from booking a Trump hotel, and the president’s business partners are already cutting ties with his properties ...

https://www.curbed.com/2021/01/trumps-dc-hotel-broker-cancels-insurrection.html

[catbyte]

1. I want to see him and his whole miserable family utterly ruined.

[soothsayer]

4. Right with you

These stories will humiliate him and frighten creditors

[Mike 03]

8. +1

[Wounded Bear]

12. My dream is to see the Trump family forced to live in one of their family tenements...

in Brooklyn.

[hedda_foil]

19. All of them in a single two-bedroom apartment with flaky heating and water pressure.

And a super who never answers their calls!

[rdking647]

48. homeless on the street

[Vdizzle]

57. Nah... I'd much rather see them with a peekaboo

View from Rikers or Leavenworth. Room and board included!

[tiptonic]

63. Or

Or living out of the back, of one his golf carts!!

[Blue_true]

79. And one bathroom that has such shitty doors that when Trump takes a dump

the smell permeates the whole place and hangs in the air.

[Hekate]

25. My dream is to break them so far down they end up at the ancestral whorehouse in the Yukon...

But yeah, your idea has some merit too. They’d still be in New York City, envious and nasty.

[Jerry2144]

31. I wish to see them like

The Rose family from Schitt’s Creek. Except I wouldn’t wish the Trumps on any community.

[kskiska]

34. They made Trump's brother Freddie live in one of their apartments.

They didn't approve of his choice to become a pilot rather than work for dad.

[Traildogbob]

40. No

A single wide rental in a Park with MR Leahy as Park supervisor and Bubbles and the gang tormenting them 24/7. Julian and Ricky are exact duplicates of Jr and Eric intellectually. Actually think Ricky may be smarter than both. (Trailer Park Boys, Canadian sitcom masterpiece, cult classic)

[wnylib]

74. I'd rather see them rot in one of

ICE's cages - by themselves apart from the desperate and helpless people incarcerated there who should be freed.

Let them beg for water and be told to drink from the toilet. Let them eat frozen bologna sandwiches. Let them go for days without bath or shower, wear the same clothes for 6 weeks, use toilets that are too backed up to flush. Then after spending time there, let them be deported, with only the dirty clothes on their backs to Mexico to find a place to live.

[Tommymac]

76. I dream of them in a Gated Community 6' by 8' Cinderblock Studio 'Apartment'

with Bubba as their loving next door neighbor.

[Chicagogrl1]

36. 1,000,0000,000,000,000,000%

Could not agree more!! Round em up & put them all in jail. Hope they end up penniless!

[smirkymonkey]

46. catbyte, I am right there with you.

I want nothing more than that. I want them to pay for what they have done to this country. I want them to be a lesson for anyone who would think to follow in their footsteps.

[bullimiami]

2. i believe he has lied and violated the lease terms with the usa. lease should be terminated.

why does he even have the right to sell the lease?

[ace3csusm]

35. Sub lease but that only works if you can make a profit on the sublease

[gratuitous]

3. Who wants to market a toxic waste dump?

Gee, the Trump Organization wants $500 million for it, a number strikingly close to the amount Trump is rumored to owe to any number of shady characters.

[riversedge]

5. "transformed his brand from brash rich guy to racist authoritarian demagogue" spot on

[Mike 03]

6. If they thought things were bad after "the fateful trip down...the escalator" just

wait. Now that he's tried to overthrow his own government, they'll be selling his hotels and golf courses for pennies on the dollar, or paying people to take them.

[DENVERPOPS]

43. Get Ready

for a whole new tsunami of Trump bankruptcies..........
But, he will be able to write a new book: TRUMP AND THE ART OF BLATANT FAILURE.....

[dalton99a]

7. He "transformed his brand from brash rich guy to racist authoritarian demagogue"

Smart, very smart businessman

[Wellstone ruled]

9. Yah,looking like the GSA will have a Hotel .

Does not the lease come up for renewal in a couple months? One of the Chain operators will pick this up dirt cheap.

[COL Mustard]

65. Motel 6? Red Roof Inn?

The gags write themselves!!!

[Blue_true]

80. My guess is one of the luxury brands.

The location is excellent. With Trump out, his name no longer associated with the hotel and a few wisely done renovations, the hotel would be a choice sleeping and meeting place for those that can afford the room rates and high priced amenities like meals and drinks.

[csziggy]

75. GSA should have taken the lease back January 2017!

Prepared for
The Honorable PeterA.DeFazio
Ranking MemberCommittee on Transportation and Infrastructure
By the Committee on Transportation and Infrastructure Democratic Staff
For Release on Delivery
July 12, 2017

{SNIP}

The lease agreement between the Government and the Trump Old Post Office LLC explicitly prohibits any elected official of the U.S. Government from serving as a lessee or from obtaining any benefit that may arise from the lease. Article 37.19 of the lease states:

No member or delegate to Congress, or elected official of the Government of the United States or the Government of the District of Columbia, shall be admitted to any share or part of this Lease, or to any benefit that may arise therefrom; ....

Pursuant to Article 37.19, Donald J.Trump was in breach of the lease when he became the 45thPresident of the United States on January 20, 2017.

More: https://transportation.house.gov/imo/media/doc/wysiwyg_uploaded/2017-07-12%20RPT%20Trump%20Hotel_0.pdf

[Wellstone ruled]

77. Yes,someone

was appointed to muck this up. She did her job,always wondered what or how she was rewarded.

Diaper Don wants 500 million for his lease rights,that is never going to happen. Hope all the underlying is exposed. Lease payment amounts,forward Financing that the GSA put up,Local Taxes if any paid,bet this Hotel is in arrears on Utilities,as well as PITI.

[MagickMuffin]

10. The buyers HAVE to retain the "name brand" like who wants to be forced to keep that name

[Brother Mythos]

23. Exactly! The "Trump brand" now has negative worth.

I suspect Trump and his crime family aren't quite desperate enough yet to drop that requirement. But, they soon will be.

[magicarpet]

11. But,... but,... trDump's $300M outstanding loans will.....

... becoming due soon. What is he to do ?

[keithbvadu2]

13. Is the RNC willing to keep paying excessive rates for hotel rooms?

Is the RNC willing to keep paying excessive rates for hotel rooms?
Are foreign governments and interests willing to pay for blocks of rooms that never get used?

It would be interesting to see their anticipated cash flow for the sale.

[royable]

68. Exactly! If it's been such a money maker, why wouldn't it continue to be so? n/t

[Blue_true]

82. One thing that I learned the hard way, people and companies SELDOM

sell successful businesses. 99% of the businesses that you see for sale have big problems that the sellers are working to hide from potential buyers. I believe that dynamic would apply infinitely to anything that Trump is trying to sell.

[central scrutinizer]

14. Homeless shelter

Lots of people need a dry place, open the doors

[NCjack]

18. I like it even more if it has Trump's name on it.

[Submariner]

15. Super 8 or Motel 6 may be interested

they leave the light on for ya!

[hatrack]

78. Given recent events, Maybe Super 88?

"We'll leave the cross burning for you!"

[Blue_true]

83. The location is super prime.

My guess is a high end chain that knows how to run hotels get the property dirt cheap, strip off the Trump name and his shitty decor, and reopen one of the top grossing hotels in Washington DC.

[malaise]

16. He could jump from there

and the value would go up

[Celerity]

20. +1000

[Marie Marie]

22. ...

[ToxMarz]

38. If the Russians have any stake in it, they may just oblige.

[Blue_true]

84. And if it is not tall enough, they will put weights on his so that

they won’t need a high building to get the job done.

[Dem2theMax]

49. .

[lpbk2713]

17. I wouldn't take it for free.

It probably has more associated debt than any normal thinking individual would want to assume.

[Hekate]

26. Plus he had it decorated to his own taste, from what I hear

[lpbk2713]

29. And it's a bed bug ridden rat hole.

...

[Hekate]

32. Those aren't the only bugs I'd be worried about

[elleng]

21. STILL a 'white elephant!'

[msfiddlestix]

24. Trying to Remember, but wasn't this building the Old Post Office?

Before he got his stinking hands on it? And wasn't this building the FBI wanted to make into their new site?

or am i mixing up two completely different building sites?

[Hekate]

27. It is the Old Post Office. FBI was supposed to be across the street, but the Don didn't want them...

...there. I can’t remember why.

[msfiddlestix]

30. Thank you for the reminder

So I remember now, thank you. I can answer the bit why The Con man didn't want the FBI to move across the street,, but I bet you already know.. nothing like having his enemies with the power to run surveillance on his nefarious friends and illegal activities as he's already being investigated by the FBI, Enemy #1.. That's my theory.. I don't have his confession documented, but I betcha someone does.

[LiberalArkie]

37. What is across the street from it now?

[msfiddlestix]

41. good question

I don't know. I'm not clear if a building has been constructed or if the project was abandoned.

[Volaris]

44. Because the FBI would be across the street.

[SMC22307]

45. FBI HQ was to move to DC suburbs.

Drumpf stopped the deal because he didn't want HQ torn down with a new hotel built that would compete with his in the Old Post Office building.

[msfiddlestix]

52. Ohhh.

so the old Hoover building was going to be torn down, which threatened his property.

That figures. Wonder what the possibilities will be once Biden is in. or if the location is an option anymore.

Given what Biden is having to deal, this one ain't high on the list of priorities. Thanks.

[SMC22307]

61. Many employees have been relocated to Huntsville, AL.

I think HQ was to be moved to Greenbelt, MD, Landover, MD, or Springfield, VA but GSA (Emily what's-her-face the Trump loyalist) put the kibosh on the move.

[msfiddlestix]

67. how weird. So freaking glad these cult knuckle draggers will be gone

[smirkymonkey]

54. Yes. And it's kind of a shame since it is a beautiful old landmark.

It could really be a lovely, exquisite property without the Trump name on it. Everything they touch turns to s**t. They are so gaudy and tacky and the sad thing is that they don't even realize it. They think that they are the epitome of high class, whereas they are the complete realization of all that is vulgar and lowbrow. How this family managed to dominate the US government I will never understand.

[Hekate]

66. How? Lots of reasons, but one is that they sold their "vulgar, lowbrow" brand to folks who think...

...that is how they would live themselves if only they had the chance. The Apprentice was a 14-year commercial selling the fantasy about how they would behave, if only they had the chance.

There was an old tv commercial where the catch-phrase was spoken in a broad Bronx accent by a blonde: “Class. Real class.” Can’t remember anything else about the ad, just that faux-tacky, faux-glamorous dame who could have been a mobster’s girlfriend in an old, old movie, saying “Class. Real class.”

The interior shots of Trump Tower penthouse say it all, afaiac.

If only any of them knew that their tin-pot god excitedly watched the insurrection on live tv, but ultimately his critique was that his cultists “looked low-class.”

[GopherGal]

58. Yes, pretty sure it's the Old Post Office building, but that's not the story I remember about FBI HQ

It's only a couple blocks from the current FBI HQ, and the FBI was planning a new location somewhere in the 'burbs, until it was nixed by the Trump administration. Speculation is that
1) Drumpf Org wanted FBI HQ to remain close to his hotel so that they could get business from travelers visiting FBI HQ
2) Drumpf Org did NOT want the current site of FBI HQ to come on the market as prime downtown DC real estate for potential site of a new competing hotel.

The article below emphasizes the second point.
[link:https://www.americanoversight.org/investigation/trumps-interference-in-the-fbi-headquarters-relocation-plan|]

[sinkingfeeling]

28. I'll bid $46 for it.

[ProfessorGAC]

33. $46.50 Here!

Tell you what, I'll pay $46.50, you send me $23.25 and we'll co-own!
I don't want us bidding up the price any further!

[Demovictory9]

39. $57

[ProfessorGAC]

42. Hey, Knock It Off!

I'm wheelin' & dealin' here.
Oh, ok.
You pay $57, we'll each send you $19 and we'll own it three ways!

[niyad]

53. After the hazmat and forensic crews have throughly cleaned, delouse do and sanitized it, our

interfaith group will be happy to come in and sage, smudge and salt it along with other cleansing/healing rituals, so that you can start fresh.

[keithbvadu2]

71. The art of the deal?

You should write a book.

[msfiddlestix]

47. Maybe the Fed's should confiscate and have a Forfeiture Sale

Compensate a little bit for the outrageous expense incurred during his time play president.

[Brother Buzz]

50. Note: The hotel is still government property so the sale would only be for the lease, AND....

GSA would have to approve of the new buyer so there will be no super double secret bailout by a dirty money buyer.

[BobTheSubgenius]

51. Is this a metaphor?

Or just some damned funny news? Seems like John Lennon had some appropriate words for this. Instant Karma. (although nowhere near instant enough)

[liberalla]

55. Nope. I don't feel bad about that at all.

[yaesu]

56. tRump is only cool to the lowlifes that follow his every word but too poor to stay in his bedbug

hotels.

[Roc2020]

59. He will regret woefully the day

he came down that escalator and declared he is running for President.

[Blue_true]

85. That is what I want. I want him to bitterly rue that day until he croaks.

He had his bullshit scams halfway working, then he showed his incompetence and evil spirit to the entire world. The only downside is that he robbed us of a person who likely would have been an enormously successful President.

[RANDYWILDMAN]

60. give it to MAGAT"s as a tax write off

he's good at that

[dixiegrrrrl]

62. schadenfreude.......schadenfreude........schadenfreude........n/t

[COL Mustard]

64. $1

I bid one dollar.

And I think it’s overpriced at that.

[flying_wahini]

69. Tell Trump I will pay him $100 bucks for it.

[TeamPooka]

70. New GSA admin should revoke that deal for contract violations asap.

[maxsolomon]

72. It will sell if the Trump name is detached.

Then it will be purified with all the sage in Sagebrush Country.

[Bobstandard]

73. Will Libby Andrews get the listing?

I’m sure Libby Andrews, the real estate agent from Chicago who busted herself with gleeful selfie’s while storming the Capitol will be happy to represent Trump. The firm that employed her has fired her so she really needs the listing. She’s a right wing extremist and blonde so shes just the kind of agent Trump will love.

[Crunchy Frog]

81. I don't think becoming president was as good a business move as he thought it would be.

[apnu]

86. The Trump brand is done. He will be dead broke in 2 years. (nt)

[FakeNoose]

87. Chump needs to get the base to each chip in $4.99 per month

That seems to work for him.

[Blue Owl]

88. Raze the Roach Hotel and remove all trace of it