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Thu May 12, 2022, 10:44 AM

Trump's 'Crown Jewel' Sign Torn Down As New Owners Claim Flagship D.C. Hotel

Source: HuffPost

The signs at the Trump International Hotel in Washington ― once described as the “crown jewel” of Donald Trump’s real estate empire ― came down Wednesday night just hours after new owners took control over the property.

CGI Merchant Group, an investment firm that includes former MLB superstar Alex Rodriguez and former boxing champ Floyd Mayweather, struck a deal last year to buy the hotel for $375 million.

The deal closed Wednesday ― and the signs came down shortly afterward:

The property lost $70 million during the Trump presidency, but The Washington Post said the sale will yield about $100 million in profit for the former president.



Read more: https://www.huffpost.com/entry/trump-hotel-sign-down_n_627c9ccbe4b016d742f6e4ae

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Reply Trump's 'Crown Jewel' Sign Torn Down As New Owners Claim Flagship D.C. Hotel (Original post)
packman May 12 OP
louis-t May 12 #1
aggiesal May 12 #10
exboyfil May 12 #2
Fritz Walter May 12 #3
IthinkThereforeIAM May 12 #4
MurrayDelph May 12 #7
llashram May 12 #5
NCjack May 12 #6
Zambero May 12 #8
louis-t May 12 #12
TheRealNorth May 12 #9
IronLionZion May 12 #11
WarGamer May 12 #15
BigmanPigman May 12 #13
WarGamer May 12 #14

Response to packman (Original post)

Thu May 12, 2022, 10:47 AM

1. Everyone he owes money to should sue.

Right now. Including the contractors he stiffed in 2017 that worked on this building.

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Response to louis-t (Reply #1)

Thu May 12, 2022, 12:22 PM

10. They should file a contractor lien against Pendejo45 International property n/t

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Response to packman (Original post)

Thu May 12, 2022, 10:56 AM

2. You could make some cash by putting it behind a fence

with a urinal collector underneath it. I would pay $5 for that opportunity.

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Response to packman (Original post)

Thu May 12, 2022, 10:57 AM

3. Put the sign up at Attica Correctional Facility

Make the world’s sorest loser feel right at home at that prison. Along with his co-conspirators.

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Response to Fritz Walter (Reply #3)

Thu May 12, 2022, 11:08 AM

4. Good one...

... A-Rod and company donate it to a NY state prison. And for, "fiscal budgetary reasons, the sign will be left outside the main entrance as a wind break".

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Response to Fritz Walter (Reply #3)

Thu May 12, 2022, 11:53 AM

7. I like the idea

of sending him to Alcatraz and telling him it's the Trump San Francisco.

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Response to packman (Original post)

Thu May 12, 2022, 11:37 AM

5. 100-million dollars

what a goddamn shame TPOSFG can just keep raking it in when people like me, can barely pay rent, car notes and insurance(s). No silver spoon, tough shit, right?

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Response to packman (Original post)

Thu May 12, 2022, 11:53 AM

6. CGI Merchant Group -- Thank you !!!

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Response to packman (Original post)

Thu May 12, 2022, 12:08 PM

8. Isn't the old post office building gov't property?

I was under the impression that Trump leased the building through GSA, even though elected officials were expressly prohibited by law from doing so. So how does Trump manage to sell the hotel for profit?

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Response to Zambero (Reply #8)

Thu May 12, 2022, 12:56 PM

12. He didn't sell the building. He doesn't own it.

He sold the lease. I'm not sure how the guys with contractor liens can collect. Usually, the property has to sell for liens to be paid. The deal here is, the loans he took out for the remodeling have to be paid first and he gets the rest. Probably $100 million.

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Response to packman (Original post)

Thu May 12, 2022, 12:16 PM

9. Now, Saudi Arabia can just funnel its bribes through Mierd-a-Lago

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Response to packman (Original post)

Thu May 12, 2022, 12:29 PM

11. Proud to say I never set foot in that shithole

My neighbors went "ironically" but I didn't want to give that crooked family my money.

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Response to IronLionZion (Reply #11)

Thu May 12, 2022, 04:22 PM

15. I poked my nose in... didn't spend a dime.

It's a beautiful building, in and out. I'm happy the stench of TFG has been removed.

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Response to packman (Original post)

Thu May 12, 2022, 03:45 PM

13. Now he really has no excuse for not paying the $10,000

fine as a punishment for some of his crimes.

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Response to packman (Original post)

Thu May 12, 2022, 04:21 PM

14. they were tiny signs and only a few of them

It's a magnificent building and the re-construction was amazing.

As a Waldorf Astoria... I'll be sure to drop by next time I'm in town.

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