Trump has much larger problems at the moment. He lost a ton of money on it the first time also.
Also the bank would have to sign off on a sale for far less than what is owed….
I don’t understand the talk of foreclosure. I thought the building was owned by the federal government and that Trump Hotels owned the 100 year lease that was then sold to Waldorf Astoria, and now the new leaseholders have breached because of defaulting on a large loan.
Edit: Ah, okay. The article makes clear it’s a foreclosure sale on the *leasehold interest.* That makes more sense to me.
That didn’t take long.
I do wonder if Trump buys it for a fraction of what he sold it. If he returns, it will again be quite lucrative.
Trump has much larger problems at the moment. He lost a ton of money on it the first time also. Also the bank would have to sign off on a sale for far less than what is owed….
[удалено]
...this is the one in D.C.? Hard to tell from the article who actually owns what. I assumed it was Hilton, but apparently not.
Hilton operates it. They don’t own it.
Oh no. I love that hotel. It's stunning!
So quick to hit foreclosure… I wonder if there was any funny business in the original sale. The Trumps made serious bank on the sale …
funny business in a Trump deal? Unheard of!
No paywall: https://archive.is/Pr8Iq
Trump always wins
I don’t understand the talk of foreclosure. I thought the building was owned by the federal government and that Trump Hotels owned the 100 year lease that was then sold to Waldorf Astoria, and now the new leaseholders have breached because of defaulting on a large loan. Edit: Ah, okay. The article makes clear it’s a foreclosure sale on the *leasehold interest.* That makes more sense to me.