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Zorro

(15,691 posts)
Fri Oct 23, 2020, 01:54 PM Oct 2020

Loan payments loom as Trump fights for his political future - and the future of his business

At President Trump’s hotel in Chicago, the most recent board meeting began with bad news. This year’s numbers were awful. Revenue had plunged. The hotel was just 24?percent occupied.

And worse: The hotel expected next year to be bad, too.

In fact, the hotel’s managing director, Gabriel Constantin, said the coronavirus pandemic had hurt the Trump hotel so deeply — reducing business travel and forcing the cancellation of Chicago conferences — that it might be nine years before their business returned to 2019 levels.

“The most optimistic [date] would be 2024,” Constantin said, according to an account of the meeting obtained by The Washington Post. He had a warning about the hotel’s future, if the pandemic’s economic effects didn’t ease: “It’s going to be very, very tough to keep the boat afloat.”

https://www.washingtonpost.com/politics/trump-debt-election/2020/10/23/411ab8c2-0e33-11eb-b1e8-16b59b92b36d_story.html

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Loan payments loom as Trump fights for his political future - and the future of his business (Original Post) Zorro Oct 2020 OP
Trump needs to billet military troops in the the hotels Chainfire Oct 2020 #1
Trump was pleading last night about how important it is to "open up" the country gratuitous Oct 2020 #2

Chainfire

(17,304 posts)
1. Trump needs to billet military troops in the the hotels
Fri Oct 23, 2020, 02:23 PM
Oct 2020

billed at $600.00 per night each, to get his numbers back in line. Full occupancy!

When Biden drives Trump out of the White House, it is going to be a hell of a lot of fun watching the "Trump Empire" crash and burn around the bastard.

gratuitous

(82,849 posts)
2. Trump was pleading last night about how important it is to "open up" the country
Fri Oct 23, 2020, 02:39 PM
Oct 2020

It's not that he has any regard for other business owners, but he owes a crap-ton of money that needs to be paid back to some folks he's clearly scared of, and he ain't got it.

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