Cheers as Trump DC hotel sign taken down: 'Good riddance to a sinkhole of corruption' - Raw Story - Celebrating 18 Years of Independent Journalism
By: Bob Brigham (Raw Story - Celebrating Years of Independent Journalism)
Well I didn't know it was up for sale..................
S E E D E D C O N T E N T
Donald Trump (Photo: Gage Skidmore/Flickr)
News that Donald Trump's DC Hotel had come to an end was greeted with applause from ethics experts on Wednesday.
"The Trump International Hotel in Washington is now officially out of business after the Trump family on Wednesday completed its sale to a Miami investor group, which plans to reopen it as a Waldorf Astoria," Eric Lipton of The New York Timesreported Wednesday. "The sale formally ended the Trump family's business presence in Washington, although the family company still owns a golf course in Northern Virginia."
The hotel is in the Old Post Office, a lease which was awarded to the Trump Organization by the federal government.
"Hotel industry executives have said the hotel underperformed compared with other luxury hotels in the city, particularly since President Donald J. Trump left office, in part because some companies and travelers were reluctant to book rooms or hold events at the hotel given the controversies surrounding Mr. Trump," the newspaper reported. "Those factors most likely contributed to the decision to sell the lease, they said."
Following the publication of the story, Lipton visited the hotel and documented the "Trump International Hotel" sign being taken down by construction workers using a cherry-picker.
Journalist Zach Everson of Forbes magazine noted Ivanka Trump once talked about her young daughter Arabella Kushner inheriting the hotel.
"I also believe that my long-term personal commitment to the property made a substantial impact in the bidding process. I can envision Arabella overseeing this hotel someday (if she so chooses!), and I shared that with the selection committee," she said. "This makes the Trump DC incredibly important not just in our portfolio but also to our family."
Everson noted the hotel lost $73 million but sold for $197 million more than they estimated it to be worth, resulting in a $100 million windfall for Trump.
The watchdog group Citizens for Responsibility and Ethics (CREW) in Washington applauded the end of the hotel.
"The Trump Hotel in DC is no more. Good riddance to a sinkhole of corruption," CREW wrote.
Noah Bookbinder, the group's president, was glad that the hotel is still under investigation by Congress.
"It's good to see Congress asking questions about the sale of the Trump Hotel DC, including the price, which is significantly higher than typical market rates. The history of conflicts and corruption surrounding the hotel should engender scrutiny," he wrote.
One letter at a time, starting with International.pic.twitter.com/2GvK5E6aju — Eric Lipton (@Eric Lipton) 1652318498
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And they call him a loser. Dumb like a fox. Nets a profit from a porn star and now this........................
"Everson noted the hotel lost $73 million but sold for $197 million more than they estimated it to be worth, resulting in a $100 million windfall for Trump."
hahahaHAHAHAHAHAHA
all the way to the bank............again. This should cover that $110,000.00 he has to pay the court in NY for releasing his contempt charge.
“…all the way to the bank............again…”
What a ringing endorsement of all things immaterial…unless, of course, avoiding indictment, avoiding contractual obligations, or avoiding personal responsibility somehow meet the criteria for presidential credentials in today’s environment.
Let us lower the bar lest we examine our true intentions…better a flawed, fatuous philistine than anyone from the other side.
Green just isn't your color..............................
Right v. Wrong must be a color blind equation, Jim…
Some on the left don't know right from wrong; so they shouldn't be allowed to judge.
…blah, bland, banal…be better…
Wow, a moment of honesty.
There is something seriously wrong with people who think public conduct should be measured by profits or losses.
This gives the looney left something else to whine about as they try to spin this as a victory for them. They would have nothing to fill their pathetic lives if Donald was not around. It is obvious they need him. But once again the man that resides in their head wins.
It also gives CNN one more week of stories to keep them afloat.
Dumb and brokeass is as dumb and brokeass does...
Because a $100 million profit is something dumb people do. And he made it in Biden's shitty economy. Imagine if the economy was doing well, that would have been significantly higher profit.
Projection is as projection does
This comment extremely belly laugh worthy.
In fact, I think I laughed myself a hernia ......