« FFFT3 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Sale of Trump's D.C. hotel on hold as commercial real estate industry reels

By: clo in FFFT3 | Recommend this post (0)
Tue, 31 Mar 20 9:16 PM | 44 view(s)
Boardmark this board | Food For Further Thought 3
Msg. 56842 of 65535
Jump:
Jump to board:
Jump to msg. #

Sale of Trump's D.C. hotel on hold as commercial real estate industry reels

President Trump's company has paused its efforts to sell its D.C. hotel lease, the company’s sales representative said, citing the market’s collapse as potential buyers wait for banks and investors to return normal operations.

The company has laid off more than 550 workers at its hotels, according to government filings and people familiar with the properties, and occupancy at the D.C. hotel was recently about 5 percent.

http://www.washingtonpost.com/business/2020/03/31/trump-dc-hotel-sale/?utm_campaign=wp_news_alert_revere&utm_medium=email&utm_source=alert&wpisrc=al_politics__alert-politics--alert-local-politics--alert-local&wpmk=1




Avatar

DO SOMETHING!




» You can also:
« FFFT3 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next