Posts tagged with "Old Post Office Building"

Trump closes in on a deal to sell marquee Washington, D.C., hotel

October 13, 2021

The Miami-based CGI Merchant Group currently is in talks to pay ex-President Donald Trump’s family company around $370 million for the Trump International Hotel in Washington, D.C.—which, during the last administration, attracted GOP lawmakers, lobbyists and other political attention-grabbers, The Wall Street Journal reports.

The Trump International Hotel Washington, D.C., is located in the former Old Post Office, a short walk down Pennsylvania Avenue from the White House in a building featuring some of the largest guest rooms in the capital.

The property is owned by the federal government, but with extensions the lease runs close to 100 years. CGI also has entered into discussions with hotel operators, including Hilton Worldwide HoldingsWaldorf Astoria luxury brand, about removing the Trump name in favor of that of another hotel manager, NBC News sources said.

The lease deal could ultimately fetch closer to $400 million, which would represent roughly a doubling of the money the Trump Organization spent to convert the government building into a luxury hotel, said one of the people familiar with the matter.

The Trump Organization initially hoped to sell the lease for close to $500 million, a person familiar with the matter told The Wall Street Journal in 2019.

The hotel sales talks have been heating up as Democratic-controlled House committees have been investigating and holding hearings on potential conflicts of interest and emoluments issues surrounding Trump.

The House Committee on Oversight and Reform has been examining the lease terms between the Trump Organization and the federal government’s General Services Administration for use of the Old Post Office. The deal predates Mr. Trump’s entry into national politics, but the committee is probing how well Trump managed conflicts of interest while president.

A Friday report from the House committee said the hotel lost more than $70 million between its opening in 2016 and last year—leading the company to inject at least $24 million in aid.

Research contact: @WSJ

Judge gives go-ahead to subpoenas in Trump Hotel emoluments lawsuit

December 5, 2018

Peter J. Messitte, a federal judge for the U.S. District Court of Maryland ruled on December 3 that lawyers for Maryland and Washington, D.C., plaintiffs in an emoluments-related lawsuit can start issuing subpoenas. The suit alleges that President Donald Trump has used his luxury hotel near the White House to unconstitutionally profit from his political office, Politico reported on December 3.

The case would set the stage either for potentially shutting down the Trump International Hotel in Washington, D.C., or for requiring Trump to divest entirely from the property—where many foreign diplomats currently are staying when they visit the Beltway and where many U.S. politicians are holding dinners and events to gain favor with the president.

In fact, the GSA lease for the property—which governs the use of the Old Post Office Building in the District of Columbia, where the hotel is situated—clearly states: “No … elected official of the Government of the United States … shall be admitted to any share or part of this Lease, or to any benefit that may arise therefrom.

According to Politico, the attorneys general in Maryland and Washington said they planned to serve as many as 20 companies and government agencies with subpoenas by midday on December 4.

It’s the first time a lawsuit alleging a president violated the Constitution’s emoluments, or anti-corruption, clauses has advanced to the discovery stage, the political news outlet noted.

In response, Politico reported, the Justice Department on November 30 said it would try to halt the attorneys’ general case with an appeal to the 4th Circuit Court of Appeals in Richmond, but by the end of the day on Monday, December 3, the DOJ had yet to file anything in that court.

Maryland Attorney General Brian Frosh said that, if Justice Department lawyers do seek to stop the case, he said he was confident the delay would be temporary.

“They have a very high burden to win on a Writ of Mandamus, I don’t think they can meet that standard here,” Frosh told Politico. “They’ve done everything they possibly can to stop us from getting discovery.”

Research contact: @Woellert