Trump (the Company) Asks Trump (the Administration) for Rent Relief

[denem]

Source: New York Times

President Trump’s signature hotel in the nation’s capital wants a break on its rent. The landlord determining the fate of the request is Mr. Trump’s own administration.

Trump International Hotel, just a few blocks from the White House, had been a favored gathering place for lobbyists, foreign dignitaries and others hoping to score points with the president. But like most hotels, it is now nearly empty and looking to cut costs because of the coronavirus pandemic.

In recent weeks, the president’s family business has inquired about changing its lease payments, the company confirmed on Tuesday, which the federal government has reported amount to nearly $268,000 per month.

The Trump Organization owns and operates the luxury hotel, but it is in a federally owned building on Pennsylvania Avenue. As part of its deal to open the 263-room hotel, the company signed a 60-year lease in 2013 that requires the monthly payments to the General Services Administration.

Read more: https://www.nytimes.com/2020/04/21/business/trump-hotel-rent-payment-coronavirus.html

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The president’s family business pays at least $3 million a year to the federal government for the lease on its D.C. hotel, which is all but empty because of the virus. The next monthly payment is coming due.

[riversedge]

1. too bad. Fed should take it back and open it up as a homeless shelter IMHO

[Rorey]

6. I like that idea

One would think that someone who *claimed* to be worth billions of dollars wouldn't worry about such a piddly amount of money for rent.

[RRDrummer]

19. Ya, because at this rate

Trump is gonna need a place to crash.

[lagomorph777]

25. COVID Hospital and Morgue.

Evict the Hate Pumpkin and put that building to good use.

[jaxexpat]

29. Perhaps re-purposed as a home for incontinent Russian ladies.

T'would only be faire. Quid pro quo like.

[riversedge]

31. oh yuk.

[Frances]

32. My first thought

[Walleye]

2. This was bound to happen. He also bribes himself.

Do we even still have a constitution?

[onecaliberal]

3. Oh hell no

[denem]

5. +!

my thoughts exactly

[FoxNewsSucks]

4. Awwww, too bad!

MF45 should have saved some of the windfall he got renting rooms to Saudis and others who didn't check in. Or the money he scammed from the Secret Service.

He should get the same break slumlords like Jared and Hannity give to their tenants.

[Roy Rolling]

7. That's the Free Market

If the hotel is over-extended, let it take losses or declare bankruptcy.

There is no forgiveness of rent on a commercial building. This is business, and as a taxpayer/landlord, it is not fair to give them special treatment.

I’d be curious to know what kind of rent forgiveness the Trump Companies are offering to their tenants. Are they offering free rent?

Anyone know?

[NCjack]

8. Trump is super-rich. Let him absorb a year or two of losses. nt

[keithbvadu2]

24. Bankruptcy has been no problem for Trump.

[world wide wally]

9. They have an asshole for a landlord

[lagomorph777]

26. And an asshole for a tenant.

[underpants]

10. A. A 60 year lease? B. Red recently they were floating selling

Or at least a buy out of the lease.

Maybe 60 year leases aren’t that rare. Maybe that were the terms GSA demanded.

[MissMillie]

11. That might have been an option if

HE HAD DIVESTED LIKE HE WAS SUPPOSED TO!!!!!

[muriel_volestrangler]

17. This. They claim there was no conflict of interest

and that now needs to be shown by the hotel paying its damn rent on time.

$3 million a year is a fraction of the cost of security for Trump's spawn, much of which is for them to make extra money for the Trump organization: https://www.citizensforethics.org/trump-family-travel-12x-obama-family/

[marble falls]

12. Conflict of interest. No money for Trump.

[enough]

13. A textbook case, if only there were any textbooks. NT

[brer cat]

14. That's awfully sad.

Maybe he can sue the landlord for letting a terrible pandemic happen on his watch.

[flibbitygiblets]

21. THIS.

[safeinOhio]

15. At this moment his whole empire is under water.

Owes Deutsche Bank a 1/2 billion and already late. Many more loans are past due. He may be only a month or two away from bankruptcy. Another first for 45 as President.

He won't take the blame and that only leaves the kids to blame. Haven't seen them in a week or two, might be why.

[Grins]

16. GSA should say "No!" and attach letter Jared sent to his tenants...

...that demanded payment on time or face eviction!

[lagomorph777]

27. Evict the pustule and fill the joint with COVID patients.

[NCjack]

18. No mercy -- let's get someone into that property who can make the lease payments. nt

[turbinetree]

20. I got an idea ...........since We the people are the leaser, he can go pound sand, his excuse isn't

valid...........if I can't get a six month to one year relief on my mortgage, why him...............fuck that shit..............give it back ..................if you can't pay your debt upon the agreed terms of the contract.............pack your fucking bags and don't let the door hit you in the ass...................

[IronLionZion]

22. Trump will help himself

in more ways than one

The priority is always Greed Over People or GOP.

[keithbvadu2]

23. Jared Kushner sent letters that he was expecting the rent despite your tough luck.

Jared Kushner sent letters that he was expecting the rent despite your tough luck.

https://www.motherjones.com/coronavirus-updates/2020/03/jared-kushner-nyc-platform/

As the Coronavirus Hit, Jared Kushner’s Company Told Renters to Take Action to Pay “ASAP”

[denbot]

28. Hmmm, billionaire right Red Don..?

If you are pay your rent, if your not, quit fronting asshole.

[NNadir]

30. He's the most corrupt President in US history. He'll make taxpayers pay the bill. n/t.