The Briefing Room

General Category => Economy/Business => Topic started by: corbe on November 23, 2017, 05:11:41 pm

Title: Trump Organization Will Exit From Its Struggling SoHo Hotel in New York
Post by: corbe on November 23, 2017, 05:11:41 pm: Trump Organization cuts ties with struggling Trump SoHo hotel

BY Leonard Greene
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Wednesday, November 22, 2017, 7:36 PM

Being President isn't good for business.

President Trumpâ€™s gold-plated brand is losing a little of its shine, and nowhere is that more evident than at a luxury hotel in SoHo that bears his name.

The Trump Organization, the business arm of the Trump empire, agreed to a buyout Wednesday of its interest in the Trump SoHo Hotel, a shimmering 46-story hotel and condo building that looms over the Manhattan neighborhood.

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http://www.nydailynews.com/new-york/trump-organization-cuts-ties-struggling-trump-soho-hotel-article-1.3651873 (http://www.nydailynews.com/new-york/trump-organization-cuts-ties-struggling-trump-soho-hotel-article-1.3651873)
Title: Re: Trump Organization Will Exit From Its Struggling SoHo Hotel in New York
Post by: Cyber Liberty on November 24, 2017, 12:24:53 am: An obvious violation of the Emoluments Clause. Impeach 45!
Title: Re: Trump Organization Will Exit From Its Struggling SoHo Hotel in New York
Post by: Oceander on November 24, 2017, 08:51:31 pm: How much are they paying to get out of the deal?
Title: Re: Trump Organization Will Exit From Its Struggling SoHo Hotel in New York
Post by: Cyber Liberty on November 24, 2017, 09:05:59 pm: Quote from: Oceander on November 24, 2017, 08:51:31 pm
How much are they paying to get out of the deal?

That's his problem. If it becomes a taxpayers' problem, then I'll have an issue with it. It wouldn't be the first time the taxpayers have had to bail out a private investor, and it will stink to high heaven if Trump gets any kind of bailout from us.
Title: Re: Trump Organization Will Exit From Its Struggling SoHo Hotel in New York
Post by: Oceander on November 24, 2017, 09:33:26 pm: Quote from: Cyber Liberty on November 24, 2017, 09:05:59 pm
That's his problem. If it becomes a taxpayers' problem, then I'll have an issue with it. It wouldn't be the first time the taxpayers have had to bail out a private investor, and it will stink to high heaven if Trump gets any kind of bailout from us.

Other than getting a tax write-off, I doubt very much if there will be a bailout.

However, it is relevant to showing that, once again, Mr. Trump's much-ballyhooed "reputation" as a gosh-darn good businessman is more hooey than fact.
Title: Re: Trump Organization Will Exit From Its Struggling SoHo Hotel in New York
Post by: Cyber Liberty on November 26, 2017, 06:50:23 am: Quote from: Oceander on November 24, 2017, 09:33:26 pm
Other than getting a tax write-off, I doubt very much if there will be a bailout.

However, it is relevant to showing that, once again, Mr. Trump's much-ballyhooed "reputation" as a gosh-darn good businessman is more hooey than fact.

You'll get no argument from me there....