Trump Check November 22, 2017

Trumps Say So Long To SoHo

NEW YORK, NY - FEBRUARY 21: A view of the Trump SoHo hotel condominium building, February 21, 2017 in New York City. The development of Trump SoHo, completed in 2010, was constructed in partnership with the Bayrock Group, headed by former Soviet official Tevfik Arif. Felix Sater, a Russian-American businessman, also worked for Bayrock Group during the development of Trump SoHo. Despite repeated claims that he is not involved in any business deals with Russia, President Trump's ties to the country continue to be scrutinized.

A New York City luxury hotel has trouble attracting guests? In the trendy SoHo area? What’s that about?

Oh…

For the second time this year, Donald Trump’s name is about to be stripped from a hotel. First Toronto and now Trump SoHo in NYC. Seems business is big-league bad. Trump doesn’t own the hotel but the family name is doing him no favors in heavily democratic New York City. Room rates have dropped. A restaurant in the hotel has closed. The owners have worked out a deal with Trump Jr. and Eric the younger to walk away from the property. The owners will re-brand and go in another direction. Here’s an account from The New York Times.

The Trump SoHo has had a sketchy past that attracted none other that Robert Mueller’s attention. Vanity Fair reports on the characters who developed the place along with the questionable backers from Russia.