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Thread: Trumpís Decision to Host G7 at Doral Resort Raises Questions About Struggling Property, Deutsc

  1. #1

    Trumpís Decision to Host G7 at Doral Resort Raises Questions About Struggling Property, Deutsc

    August is such a lovely time to host meetings in Florida. All that wonderful humidity and heat. No place better in the whole country.

    https://fortune.com/2019/10/18/trump...deutsche-bank/

    Trump’s Decision to Host G7 at Doral Resort Raises Questions About Struggling Property, Deutsche Bank Loans

    Having first floated the idea of hosting next year’s G7 summit at his Trump National Doral resort in August, President Trump has now pulled the trigger on a move that’s already widely raised questions about a conflict of interest and whether he’s illegally profiting from his office.

    After all, the Trump Organization still owns and operates the South Florida golf resort, which it bought out of bankruptcy for $150 million in 2012. And with scores of foreign officials and dignitaries set to flock to Doral in June, the decision has reignited concerns that the president is in violation of the Constitution’s emoluments clause, which prohibits U.S. officials from receiving payments or gifts from foreign governments.

    Mick Mulvaney, Trump’s acting chief of staff, appeared to try to preempt such concerns Thursday in announcing that Doral would indeed host the international gathering. He noted that the administration’s vetting process concluded that Doral is “by far and away, the best physical facility for this meeting,” and stressed that Trump would not profit from staging the summit at his own property. In fact, Mulvaney said, Doral would host the G7 “at cost.”

    Yet it’s unclear how the Trump Organization would ensure that it is the case. For instance, Mulvaney didn’t specify whether the company would refuse compensation and opt to pay for the event out of its own pocket. (The most recent G7 summit, held this year in Biarritz, France, reportedly cost French taxpayers north of $40 million—with previous summits in Canada and Italy said to have cost considerably more.)

    It’s also unclear why it would choose to go to such lengths, given the extent to which Doral has struggled financially in recent years. In May, the Washington Post reported that the 643-room resort had been hit by declining revenues and profits between 2015 and 2017, with both occupancy and room rates well below competing resorts in its area. The New York Times, meanwhile, reported that Doral actually lost money to the tune of $2.4 million in 2014, the most recent year for which the Times was able to obtain documents specifying the Trump Organization’s profits.

    That’s less than ideal, especially considering that the Trump Organization borrowed $125 million from its most prolific creditor, Deutsche Bank, to finance the resort’s acquisition and renovation. Like many of Deutsche Bank’s dealings with Trump, that loan remains shrouded in mystery; it’s unclear how much of the balance on the loan remains outstanding, or when it comes due for repayment. A spokesperson for Deutsche Bank declined to comment on the matter.

    In a statement to Fortune, a Trump Organization spokesperson said the company is “excited to have been asked to host the 2020 G7 summit at Trump National Doral,” and described the resort as “a world-class facility with an unrivaled hospitality team.”

    While accusations of profiteering are not new to the Trump administration—they continue to be raised about the goings-on at the Trump International Hotel in Washington, D.C., for instance—the move to hold such a high-profile event at one of the president's own properties is raising eyebrows to an unprecedented extent.

    Doral's recent struggles could very well amplify the scrutiny. With the Trump Organization almost certainly still indebted on an underperforming asset, the revenues that would be generated by the G7 summit, both from the U.S. government and visiting foreign delegations, would likely be a boon to the resort’s shaky bottom line.

    And besides the dollars and cents, hosting the G7 would undoubtedly boost Doral’s prestige and reputation—much as the president’s meetings at Mar-a-Lago, with the likes of Japanese prime minister Shinzo Abe and Chinese president Xi Jinping, have helped establish his Palm Beach, Fla., resort as the “Southern White House.”

    But with congressional Democrats already kicking up a storm over the decision, it appears hurricane season is in full force at Trump's Florida property.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    Quote Originally Posted by Swordsmyth View Post
    Yes, that is the new tactic from all the trolls.
    They just assert lies over and over no matter how often they are exposed.
    I am Zippy and I approve of this post. But you don't have to.



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  3. #2

  4. #3
    LOL at the desperate Trolls.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  5. #4
    To give credit where due, Foxnews is handling this issue in a much more mature and fair-balanced way than CNN:


    How Fox News is handling Trump hosting the G-7 summit at his own resort

    Eric Kleefeld
    Published 10/18/1

    Yesterday, in one of the most blatant promotions of the president’s personal properties, the Trump administration announced that next year’s G-7 summit will be hosted at Trump National Doral golf resort in Miami.
    The FoxNews.com homepage actually claimed a “Home Field Advantage” for the president — and for a time, positioned the language next to a series of ethics accusations against Democratic presidential candidate Joe Biden’s son Hunter.



    On Fox, various “news”-side and “opinion”-side personalities gave mixed reactions to the news. Some jokingly claimed that the decision would needle Trump’s critics over ethics concerns, while others counseled in earnest that it really is a bad idea politically.
    Fox News legal analyst Andrew Napolitano was quick out of the gate with some very sharp criticism, declaring outright that this move is a violation of the Constitution, saying, “This is about as direct and profound a violation of the Emoluments Clause as one could create.”

  6. #5
    G-7 86'D
    DORAL WON'T HOST


    BREAKING: Trump Announces Doral Resort No Longer Host Site for G-7

    By Connor Mannion Oct 19th, 2019, 9:57 pm
    862 Comments

    President Donald Trump says he will not hold the next G-7 Summit at a resort he owns, a move that drew immediate criticism last week when it was announced.

    Ö.Therefore, based on both Media & Democrat Crazed and Irrational Hostility, we will no longer consider Trump National Doral, Miami, as the Host Site for the G-7 in 2020. We will begin the search for another site, including the possibility of Camp David, immediately. Thank you!
    ó Donald J. Trump (@realDonaldTrump) October 20, 2019






    Related

    FLAT: Media's 'Trump always folds' narrative harms alpha image at a crucial time

  7. #6
    Quote Originally Posted by Swordsmyth View Post
    LOL at the desperate Trolls.
    NOt just desperate, it's risen to levels of 'crazed and irrational hostility' now as so eloquently put in this tweet:

    ….Therefore, based on both Media & Democrat Crazed and Irrational Hostility, we will no longer consider Trump National Doral, Miami, as the Host Site for the G-7 in 2020. We will begin the search for another site, including the possibility of Camp David, immediately. Thank you!
    — Donald J. Trump (@realDonaldTrump) October 20, 2019



    Unfortunately, Dems may have won another round of battle (of alpha/beta male, FLAT) narratives but they have not won the war most likely.

  8. #7
    Quote Originally Posted by enhanced_deficit View Post
    NOt just desperate, it's risen to levels of 'crazed and irrational hostility' now as so eloquently put in this tweet:

    ….Therefore, based on both Media & Democrat Crazed and Irrational Hostility, we will no longer consider Trump National Doral, Miami, as the Host Site for the G-7 in 2020. We will begin the search for another site, including the possibility of Camp David, immediately. Thank you!
    — Donald J. Trump (@realDonaldTrump) October 20, 2019



    Unfortunately, Dems may have won another round of battle (of alpha/beta male, FLAT) narratives but they have not won the war most likely.
    Trump won another round of "laser pointer" but you are so desperate you keep pushing stupid weak attacks on him without understanding that it only helps him.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  9. #8
    Quote Originally Posted by Swordsmyth View Post
    Trump won another round of "laser pointer" but you are so desperate you keep pushing stupid weak attacks on him without understanding that it only helps him.
    This is the best defense you can come up with for a president clearly and obviously trying to use his office to slide business to his own company?

    This back atcha:

    Quote Originally Posted by Swordsmyth View Post
    LOL at the desperate Trolls.
    Quote Originally Posted by Swordsmyth View Post
    I don't really care if I happen to be wrong about your positions, you are wrong about mine.
    Quote Originally Posted by Swordsmyth View Post
    I didn't vote for Trump.
    A POX ON BOTH YOUR PARTIES



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  11. #9
    Quote Originally Posted by acptulsa View Post
    This is the best defense you can come up with for a president clearly and obviously trying to use his office to slide business to his own company?

    This back atcha:
    LOL

    He was NOT clearly and obviously trying to use his office to slide business to his own company.
    Just keep pushing garbage like that and nobody will listen to you.

    It would have been ideal for security purposes and he could have let the government use it for cost instead of having to pay a profit to some other venue.
    We already had this nonsense with his resort in Scotland so he knew the MSM and trolls would expose themselves by making wild claims.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  12. #10
    Quote Originally Posted by Swordsmyth View Post
    It would have been ideal for security purposes...
    Not according to the usual security people who handle these things. They like waterfront property because it reduces the perimeter they have to cover.

    Quote Originally Posted by Swordsmyth View Post
    ...he could have let the government use it for cost...
    ...but you don't have the thinnest shred of evidence he had any intention of doing so.

    But, of course, you fancy yourself the Thought Police, and stand as ready to testify what's in Trump's head as you do mine.
    Last edited by acptulsa; 10-20-2019 at 08:02 PM.
    Quote Originally Posted by Swordsmyth View Post
    I don't really care if I happen to be wrong about your positions, you are wrong about mine.
    Quote Originally Posted by Swordsmyth View Post
    I didn't vote for Trump.
    A POX ON BOTH YOUR PARTIES

  13. #11
    Quote Originally Posted by acptulsa View Post
    Not according to the usual security people who handle these things. They like waterfront property because it reduces the perimeter they have to cover.
    There are other concerns than that and him owning the place makes it a lot easier to deal with them.


    Quote Originally Posted by acptulsa View Post
    ...but you don't have the thinnest shred of evidence he had any intention of doing so.
    So he's guilty until proven innocent?
    Are you Brennan?
    You haven't the slightest shred of evidence he was going to charge anything at all.
    I thought I was doing something very good for our Country by using Trump National Doral, in Miami, for hosting the G-7 Leaders. It is big, grand, on hundreds of acres, next to MIAMI INTERNATIONAL AIRPORT, has tremendous ballrooms & meeting rooms, and each delegation would have…
    — Donald J. Trump (@realDonaldTrump) October 20, 2019
    …..its own 50 to 70 unit building. Would set up better than other alternatives. I announced that I would be willing to do it at NO PROFIT or, if legally permissible, at ZERO COST to the USA. But, as usual, the Hostile Media & their Democrat Partners went CRAZY!
    — Donald J. Trump (@realDonaldTrump) October 20, 2019
    ….Therefore, based on both Media & Democrat Crazed and Irrational Hostility, we will no longer consider Trump National Doral, Miami, as the Host Site for the G-7 in 2020. We will begin the search for another site, including the possibility of Camp David, immediately. Thank you!
    — Donald J. Trump (@realDonaldTrump) October 20, 2019
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  14. #12
    Are you still holding up Trump's own post-getting-busted spin as proof of something?

    Haven't you spent enough time spinning his previous lies as 3D Chess to know better?
    Quote Originally Posted by Swordsmyth View Post
    I don't really care if I happen to be wrong about your positions, you are wrong about mine.
    Quote Originally Posted by Swordsmyth View Post
    I didn't vote for Trump.
    A POX ON BOTH YOUR PARTIES

  15. #13
    "people are innocent, you know, until alleged to be involved in some kind of criminal activity." John Brennan.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  16. #14
    Quote Originally Posted by Swordsmyth View Post
    "people are innocent, you know, until alleged to be involved in some kind of criminal activity." John Brennan.
    That has never stopped you from filling the air with accusations.
    Quote Originally Posted by Swordsmyth View Post
    I don't really care if I happen to be wrong about your positions, you are wrong about mine.
    Quote Originally Posted by Swordsmyth View Post
    I didn't vote for Trump.
    A POX ON BOTH YOUR PARTIES

  17. #15
    Quote Originally Posted by acptulsa View Post
    That has never stopped you from filling the air with accusations.
    Am I trying to get someone impeached and prosecuted?

    Accusations are what they are, assuming that the MSM is telling the truth and that Trump is guilty and should be thrown out is something else.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  18. #16
    Quote Originally Posted by Swordsmyth View Post
    Am I trying to get someone impeached and prosecuted?

    Accusations are what they are, assuming that the MSM is telling the truth and that Trump is guilty and should be thrown out is something else.
    Link?

    I've heard no one say any of that for this silliness. And I don't think anyone will, as his dastardly plot was foiled a-bornin'.

    If you're talking about impeaching the man for this Doral faux pas, you're the only one. Are you trying to manufacture talking points for the liberal media?
    Last edited by acptulsa; 10-20-2019 at 08:29 PM.
    Quote Originally Posted by Swordsmyth View Post
    I don't really care if I happen to be wrong about your positions, you are wrong about mine.
    Quote Originally Posted by Swordsmyth View Post
    I didn't vote for Trump.
    A POX ON BOTH YOUR PARTIES



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  20. #17
    Quote Originally Posted by acptulsa View Post
    Link?

    I've heard no one say any of that for this silliness. And I don't think anyone will, as his dastardly plot was foiled a-bornin'.

    If you're talking about impeaching the man for this Doral faux pas, you're the only one. Are you trying to manufacture talking points for the liberal media?
    Judge Swamp:

    https://www.mediaite.com/tv/napolita...-could-create/

    And it's just part of the general "IMPEACH ORANGE CRIMINAL" narrative.


    And there isn't one shred of evidence for it, you again repeat the claim that it was a dastardly plot because you are firmly in the grip of the MSM TDS narrative.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  21. #18
    Quote Originally Posted by Swordsmyth View Post
    I see five headlines at that link, and none of them are about this sideshow.

    Who's having delusions again?
    Quote Originally Posted by Swordsmyth View Post
    I don't really care if I happen to be wrong about your positions, you are wrong about mine.
    Quote Originally Posted by Swordsmyth View Post
    I didn't vote for Trump.
    A POX ON BOTH YOUR PARTIES

  22. #19
    Quote Originally Posted by acptulsa View Post
    I see five headlines at that link, and none of them are about this sideshow.

    Who's having delusions again?
    You didn't even click on it, did you?

    It goes straight to this story:

    Napolitano on Doral G7: ‘As Direct and Profound a Violation of the Emoluments Clause As One Could Create’

    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  23. #20
    Quote Originally Posted by Swordsmyth View Post
    You didn't even click on it, did you?
    I said I saw five unrelated headlines there. Are you accusing me of lying, or hallucinating?

    Where it takes you is another question. We can also both click this site's "settings" button and wind up in different places. And to tell you the truth, I don't want any of your cookies.

    Have you gone too Matt Collins to paste an excerpt? Or do you not want everyone to see the molehill you're trying to sell as a mountain?
    Quote Originally Posted by Swordsmyth View Post
    I don't really care if I happen to be wrong about your positions, you are wrong about mine.
    Quote Originally Posted by Swordsmyth View Post
    I didn't vote for Trump.
    A POX ON BOTH YOUR PARTIES

  24. #21
    Quote Originally Posted by acptulsa View Post
    I said I saw five unrelated headlines there. Are you accusing me of lying, or hallucinating?
    Lots of sites have links to other stories at the top of a story, if you went there you somehow missed the headline and the story the link goes to.
    Maybe because you wanted to.

    Quote Originally Posted by acptulsa View Post
    Where it takes you is another question. We can also both click this site's "settings" button and wind up in different places. And to tell you the truth, I don't want any of your cookies.
    I don't have any cookies and that link only goes one place, the name of the story is right in the link:

    napolitano-on-doral-g7-as-direct-and-profound-a-violation-of-the-emoluments-clause-as-one-could-create


    Quote Originally Posted by acptulsa View Post
    Have you gone too Matt Collins to paste an excerpt? Or do you not want everyone to see the molehill you're trying to sell as a mountain?
    This whole tangent is irrelevant to anything other than your attempts to deny that you are pushing an MSM narrative that has ZERO evidence other than groundless accusations and assumptions of guilt so it doesn't deserve anything more than a link but I posted the headline when you said you couldn't find the story anyway.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  25. #22
    Quote Originally Posted by Swordsmyth View Post
    "people are innocent, you know, until alleged to be involved in some kind of criminal activity." John Brennan.

    Unfortunately, media allegations against MAGA and family have been made non-stop since day 1:

    CBS News May 29, 2018

    Ivanka Trump exits White House conference call after questions on Chinese trademarks

    WASHINGTON -- While the White House press corps has figured out to employ the "listening mode" function for conference calls with reporters, the administration is still mastering the task of gracefully dodging awkward questions that officials do not want to answer.
    On a background call hosted by Ivanka Trump and Holli Richmond, director of the President Trump's Council on Sports, Fitness, and Nutrition, in advance of "White House Sports and Fitness Day," one of the hosts dropped off of the call after being asked to comment on her father's new exercise regimen and questions pertaining to Chinese trademarks being awarded to her fashion brand.
    "You can refer those questions to the press office," press aide Ninio Fetalvo told reporters Tuesday after Ivanka Trump was asked to address questions about her company.
    The White House did not respond to CBS News' request for comment.


    CNN followed up by asking Ivanka Trump for an update on her father's fitness after Dr. Ronny Jackson notified the White House press corps earlier in the year that he had advised the president to lose some weight in 2018.
    "So Ivanka had to step out for another meeting, but Holli is here to take on the additional questions," Fetalvo replied after a brief pause.

    https://www.cbsnews.com/news/ivanka-...ks-2018-05-29/


    Even Foxnews hosts starting to link MAGA to Swamp

  26. #23

  27. #24

    Thumbs up Andy Napolitano - draining the swamp

    Gotta love Trump's graft and corruption attempt at Doral being thwarted by a vigilant media.




    Andy Napolitano is draining the swamp.
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    DACA S**thole Dreamers - Make America Great Again?



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  29. #25
    Quote Originally Posted by Swordsmyth View Post
    I don't have any cookies...
    You don't have any cookies?

    So you're accessing the internet without a computer? We aren't even hearing you over our radios, you're standing outside projecting?

    You're logged in to an account on this site but have no cookies? Have you ever once taken a moment to think about a statement before categorically denying it?

    To quote you, LOL.
    Quote Originally Posted by Swordsmyth View Post
    I don't really care if I happen to be wrong about your positions, you are wrong about mine.
    Quote Originally Posted by Swordsmyth View Post
    I didn't vote for Trump.
    A POX ON BOTH YOUR PARTIES

  30. #26
    My website: https://www.theherbsofthefield.com/

    "No one is useless in this world who lightens the burdens of another.Ē ~ Charles Dickens

  31. #27
    The MAGA is good. The MAGA is wise.



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