Trump International Hotel Washington DC sale put on indefinite hold [CNBC]
Jones Lang LaSalle Incorporated (JLL)
Last jones lang lasalle incorporated earnings: 2/11 07:30 am
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Source: CNBC
The Trump International Hotel in Washington, D.C.Adam Jeffery | CNBCThe Trump Organization's efforts to sell the Trump International Hotel Washington, D.C., have been put on indefinite hold, casting doubts on the future of one of the president's biggest financial bets, according to industry executives. Jones Lang LaSalle confirmed to CNBC that efforts to sell the hotel are on "indefinite hold."The hotel, which became the glittering social hub of President 's Washington and a crown jewel of Trump's business empire, now faces the added pressures of thecoronavirus pandemicFaced with a $100 million loan from Deutsche Bank on the property and continued losses, the Trump Organization may end up either having to subsidize the business for years to come, or default on the loan and hand back the property, according to industry executives."At this point, they could either just turn over the keys, or keep it and make it part of whatever media company the President decides to create," said Brian
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JLL
Earnings
- 2/27/24 - Beat
JLL
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEF
- 4/12/24 - Form DEFA14A
- JLL's page on the SEC website