L'article présente une analyse détaillée de la vente par Donald Trump de son hôtel à Washington D.C. en 2022. Malgré le gain de 127 mil...
L'article présente une analyse détaillée de la vente par Donald Trump de son hôtel à Washington D.C. en 2022. Malgré le gain de 127 millions de dollars, l'accord comportait des risques cachés. Trump a accordé un prêt de 28 millions de dollars à l'acheteur, CGI Merchant Group, pour conclure la vente. Cependant, CGI a rencontré des difficultés financières et a manqué plusieurs paiements.
L'hôtel a finalement été mis aux enchères en 2024, et la banque BDT & MSD, principal prêteur, l'a acquis pour 100 millions de dollars. Trump n'a pas récupéré les 28 millions de dollars prêtés, et la dette a été effacée.
In 2022, Donald Trump made a significant profit of $127 million from the sale of his Washington D.C. hotel, but the deal involved considerable financial risks. To close the transaction, he had to offer a $28 million loan to the buyer, CGI Merchant Group, a Miami-based company. Trump had initially invested heavily in transforming the Old Post Office building into a luxury hotel, but despite political and foreign clientele, the hotel underperformed financially. When Trump first tried to sell the hotel in 2019, he struggled to find a buyer, but in 2021, he secured a deal for $375 million.
CGI financed the majority of the purchase with a $285 million loan from BDT & MSD Partners, affiliated with Michael Dell. They also partnered with Hilton Worldwide, which rebranded the hotel as Waldorf Astoria. However, CGI quickly ran into financial difficulties, defaulting on several payments. Trump renegotiated the loan terms multiple times, but by July 2023, CGI defaulted on its primary loan, leading BDT & MSD to begin foreclosure proceedings. In a 2024 auction, BDT & MSD acquired the hotel for $100 million, wiping out Trump's $28 million loan, which was subordinate to the main debt. Thus, Trump risks never recovering the loan, despite his initial profit from the sale.
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