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Old 01-20-2017, 08:39 AM
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Rajoo Rajoo is offline
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Join Date: Mar 2013
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Here is something very interesting regarding the Trump Hotel in DC. He does not own the building, only leased from the Federal Government.
Quote:
Conflicts that for months have been theoretical are now about to become real — most immediately a possible challenge by the federal government. It owns the building that houses Mr. Trump’s hotel and has granted him a 60-year lease. From the moment he is sworn in as president at noon Friday, Mr. Trump may be in violation of that lease, given a provision that appears to prohibit federal elected officials from renting the Old Post Office building, the Pennsylvania Avenue landmark that houses the hotel, from the government.
Quote:
The lease between the General Services Administration and the Trump company includes a clause — “no member or delegate to Congress, or elected official of the government of the United States or the government of the District of Columbia, shall be admitted to any share or part of this lease, or to any benefit that may arise therefrom” — that federal contract experts say makes clear that Mr. Trump will be in violation of the deal as soon as he is sworn in.
Doubt if Trump will ever give up this property considering the hotel if bound to be full for the next four years by occupants currying favors from him. Minimum nightly room rate is reported to be close to $800!

https://www.nytimes.com/2017/01/19/u...=77601685&te=1
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