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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump DC hotel reportedly seeking government relief amid lost revenue from coronavirus pandemic
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A hotel in Washington, D.C., owned by President Donald Trump is asking for a break on its rent payments, according to a new report.
Trump International Hotel, located a few blocks from the White House, has seen revenues plunge in recent weeks because of the ongoing coronavirus pandemic and is looking to cut costs, the New York Times reported.
The outbreak has crushed the hotel industry as shelter-in-place guidelines issued by state governments encourage people to remain at home and avoid unnecessary travel.
The 263-room hotel is owned and operated by the Trump organization, the real estate company currently headed by the presidents sons Donald Trump Jr. and Eric Trump.
But the hotel is situated in a federally owned building on Pennsylvania Avenue, and the company makes monthly rent payments to the General Services Administration, a federal agency that manages government buildings.
The company told the Times that it has asked to delay its monthly rent payments of about $268,000 a month.
https://www.cnbc.com/2020/04/21/coronavirus-trump-dc-hotel-seeking-government-relief-nyt.html
JI7
(89,248 posts)True Blue American
(17,984 posts)$100 million! Think what that could do for our Postal Service!
Mnuchin warned the wealthy companies to return the money voluntarily or face consequences.
Does he actually think that toad Barr will do anything? He
is too busy threatening states for shutting down.
whistler162
(11,155 posts)IF Jared Kuschner delayed or forgave the rent due him!
keithbvadu2
(36,788 posts)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 Kushners Company Told Renters to Take Action to Pay ASAP