Connect with us

Hi, what are you looking for?

United States

Checking Out: Trump Hotel Sale Will End an Era

The Trump family took out a $170 million loan from Deutsche Bank in 2014 to finance renovations to the building. But even after that loan is paid off and various payments the family made to cover operating losses are accounted for, the family will generate a profit of about $100 million, House investigators estimated after the sale was announced.

The pandemic, followed by Mr. Trump’s departure from the White House, had already resulted in a significant decline in business at the hotel, which is perhaps most famous for its sprawling lobby, set up in a nine-story skylit atrium with giant crystal chandeliers that hang over a collection of couches, leather chairs and lounge furniture.

The downturn was evident on the menu at the hotel’s Benjamin Bar and Lounge, as the $120 Trump Tower — a one-pound lobster, eight oysters, four clams and shrimp — and other high-end items disappeared. The Brioni boutique, an outlet of the luxury Italian suit maker whose customers included Mr. Trump, has moved out, while the Ivanka Trump spa is closed and BLT Prime, the main restaurant, will most likely soon close, too.

But the hotel still draws conservative political activists and lobbyists. On one recent evening, nearly two dozen pork farmers and producers who were in Washington to lobby Congress sat across from a Republican women’s group, sipping on cocktails and glasses of chardonnay.

Others in the lobby included out-of-town tourists who wanted to see the hotel before the Trump name is ripped from the facade.

“May the name of Moses be stricken from every pylon,” said Suzanne McCafferty, a Trump supporter visiting from Nashville, in a joking reference to a line referring to the character played by Charlton Heston in “The Ten Commandments,” the 1956 film. “When they take his name down, the people in power here now are going to be very happy, I am sure.”

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like

Europe

PARIS — Carmaker Hopium said Monday it will appoint French Transport Minister Jean-Baptiste Djebbari to its board of directors. Djebbari, a former airline pilot...

Politics

The White House was unable to point to federal guidance last Thursday on what parents struggling to find formula should do, and recommended that...

United States

For one, the official said, the Taliban have not expressed an intention of attacking the United States, and other militant groups in Afghanistan do...

Politics

Rep. Liz Cheney, R-Wyo., is blaming leaders in her own party for enabling hate in the U.S., after a mass shooting in Buffalo, N.Y.,...

Europe

Sweden and Finland’s move to apply to join NATO is a “grave mistake” and they should have “no illusions” that Moscow will simply accept...

Foreign Policy

VIENNA — Iran signaled a willingness to reopen stalled nuclear talks during two days of meetings last week in Tehran — but it hasn’t dropped...

Politics

EXCLUSIVE: The Republican Party is investing heavily in outreach to the Asian American community ahead of November’s midterm elections, viewing it as an opportunity...

Europe

Cavoli — President Joe Biden’s nominee to lead U.S. European Command and become NATO’s supreme allied commander in Europe — would go on to...