Brutal outlook for Trump's business overseas: “It’s a financial bloodbath. Nobody wants to go there. If you’ve got a Marriott and a Hyatt and a Trump, you’re not going to Trump” https://t.co/O2ppFMFvuy @Fahrenthold @OConnellPostbiz pic.twitter.com/YjGhy6WMKs
— Drew Harwell (@drewharwell) January 16, 2018
Jeff Bezos’ Washington Post really knows how to get under somebody’s thin orange skin:
… Since the 2016 election, Trump’s company has found itself in an unfamiliar role: not selling the Trump brand, but trying to save it from condo owners and unhappy partners seeking to shed the president’s name. The Trump Organization has fired back — at times with legal threats.
The root of the disputes is a growing belief among investors in some locales that the Trump brand has turned from an asset to a liability.
“It’s a bloodbath, basically. It’s a financial bloodbath,” said Jeffrey Rabiea, a New York businessman who owns three hotel rooms in the Trump Panama hotel. Like other owners in the building, he blames the Trump company for mismanagement and attributes the low occupancy rates in part to the president’s polarizing brand. “Nobody wants to go there. If you’ve got a Marriott and a Hyatt and a Trump, you’re not going to Trump.”…
Since Election Day, the Trump name has already been removed from luxury hotels in New York, Rio de Janeiro and Toronto, along with three apartment buildings in New York.
Behind the scenes, the Trump Organization has also issued warnings to at least three more properties: the Panama hotel and two condo buildings in New York, according to documents obtained by The Washington Post and people familiar with the efforts. The president’s company manages the three properties but does not own them.
Before the election, his company had expansive plans for his brand, which already adorned more than 50 properties worldwide. But then Trump won…
Just after the election, residents of three apartment buildings called “Trump Place” on Manhattan’s liberal Upper West Side petitioned the owners to remove the name. They did. (Trump had not owned the property for years.) The current owners said they wanted a “more neutral identity,” according to news reports.
Then the Trump Organization itself decided to pull out of the Trump hotel in Rio — a long-troubled property whose owner was wrapped up in a Brazilian corruption investigation.
Next to go was the “Trump Carousel” in New York’s Central Park.
The problem there: “It was never named Trump Carousel,” said Crystal Howard of the New York City parks department.
She said the Trump Organization — which had a contract to operate the attraction, named the Friedsam Memorial Carousel — had simply put up a sign that renamed it “Trump Carousel.” The sign seems to have been up for months, but the city only learned of it in April. Officials ordered the sign taken down that day…
I’m happy to think that this has to irk the everloving fvck out of Lord Smallgloves, whenever it’s drawn to his hummingbird attention span. Especially since he’s no doubt convinced that it’s all the fault of his idiot spawn, and that he could turn things around soonest, if it weren’t for a bunch of weenie lawyers yowling about “improprieties” and “emoluments”.
And, of course, his spawn are just as unhappy, because if Daddy hadn’t made the mistake of letting himself be baited by That Black Guy in the White House, he’d never have gotten around to actually running for President — between the drain on their inheritance and the money they’re having to spend on lawyers, the glamor just hasn’t been worth the price!