Brutal outlook for Trump's business overseas: It's a financial bloodbath. Nobody wants to go there.

[mahatmakanejeeves]

Retweeted by David Fahrenthold: https://twitter.com/Fahrenthold

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” http://wapo.st/2mEBQN5 @Fahrenthold @OConnellPostbiz

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Replying to @drewharwell @Fahrenthold @OConnellPostbiz

Thoughts and prayers.

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‘We’re not going anywhere.’ Trump’s company fights efforts to shed the president’s name

By David A. Fahrenthold and Jonathan O'Connell January 16 at 9:13 PM

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.”
....

But at other Trump-branded buildings, the idea of removing the name has gained more traction, with residents citing not just property values but also their objections to walking under a large TRUMP sign every day. ... “Take it off. Why? Because this man is a danger,” said Len Captan, a resident at Trump Tower in White Plains, N.Y., a Trump-managed condominium building. “I don’t want to be associated with a name like that.”
....

Alice Crites, Joshua Partlow and Anu Narayanswamy contributed to this report.

David A. Fahrenthold is a reporter covering the Trump family and their business interests. He has been at the Post since 2000, and previously covered Congress, the federal bureaucracy, the environment, and the D.C. police. Follow @Fahrenthold

Jonathan O'Connell covers economic development with a focus on commercial real estate and the Trump Organization. He joined the Post in 2010. Follow @OConnellPostBiz

[Marie Marie]

1. Good.

[C_U_L8R]

2. Trump is bad for business

A toxic brand. A disgraceful person. There's nothing but bankruptcy ahead.

[Nitram]

9. Again.

[safeinOhio]

3. Sorry, small patatos.

He is looking for the big score.

[GP6971]

4. True

but every little bit helps.

[Blue_Adept]

7. But huge psychological hits

He's the bestest at everything. THe dings and cuts to his brand hurts him heavily psychologically.

[OAITW r.2.0]

5. Think of the National Security implications.

The Russians have leveraged TrumpCo. to the max. I bet the only properties making cash for Trumpco are Washington DC and Trump Towers in NYC....every other property must be cratering, revenue-wise. Trump's "base" aren't spending $500.00/night in one of his shitholes. So, how's he paying those Russian loans back? What happens if the loans come due and TrumpCo. can't pay?

[Vogon_Glory]

6. I dont see why any wealthy Latino/a with money would

want to stay at a Trump property. And no, lurking deplorable, I’m talking about Latinos of means living outside the US thinking of staying at Trump properties abroad. Not just because of Orange Julius calling for his border wall, but the way he dissed Mexico and shafted Puerto Rico.

[Nitram]

8. Karma is such a bitch.

[stuffmatters]

10. Perfect. Naomi Klein's "Jam Trump's Brand," in worldwide color.