The Trump’brand’ seems to be taking a beating….
Is Trump cashing out?
Is his idea of making money off his namesake and while being IN office going south?
Oh, he leases the hotel building from the federal government….
Trump’s D.C. hotel has been a center of controversy since he entered office because Trump continues to own his business, which runs properties including the hotel, leading to charges of conflict of interest. Several lawsuits have alleged that Trump is violating the Constitution’s ban on “emoluments,” or payments by foreign governments, due to visits by foreign government officials to the hotel.
The company leases the building, the Old Post Office Pavilion, from the federal government’s General Services Administration, but the terms allow for the sale of the lease under certain conditions….
Note….
Trump has removed his name from sports property in NYC and may lose his ability to serve liquor in some New Jersey businesses….
image..NBCWashington.Com
Trump International Hotel & Tower Chicago, which prides itself on indulgent luxury, is trying to keep up by cutting costs. In a presentation to investors, obtained by The Post, the company described leaving jobs open, cutting back on gifts for high rollers and children, and buying cheaper housekeeping supplies.
As Trump concludes the tumultuous third year of his presidency, it is becoming clear that the political environment he helped create is having consequences for the real estate empire he and his family built.
Profits at the property fell 89 percent from 2015 to 2018, according to documents filed with Cook County, Ill.
While his properties have benefited from his repeated visits and business from conservative customers, there are signs that at least parts of the company are struggling, beset by financial setbacks, regulatory and legal battles, and a tarnished brand name….
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