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Trump (the Company) Asks Trump (the Administration) for Hotel Relief Trump (the Company) Asks Trump (the Administration) for Hotel Relief
(3 days later)
President Trump’s signature hotel in the nation’s capital wants a break on the terms of its lease. The landlord determining the fate of the request is Mr. Trump’s own administration.President Trump’s signature hotel in the nation’s capital wants a break on the terms of its lease. The landlord determining the fate of the request is Mr. Trump’s own administration.
Trump International Hotel, just a few blocks from the White House, had been a favored gathering place for lobbyists, foreign dignitaries and others hoping to score points with the president. But like most hotels, it is now nearly empty and looking to cut costs because of the coronavirus pandemic.Trump International Hotel, just a few blocks from the White House, had been a favored gathering place for lobbyists, foreign dignitaries and others hoping to score points with the president. But like most hotels, it is now nearly empty and looking to cut costs because of the coronavirus pandemic.
In recent weeks, the president’s family business has inquired about changing its lease payments, according to people familiar with the matter, which the federal government has reported amount to nearly $268,000 per month.In recent weeks, the president’s family business has inquired about changing its lease payments, according to people familiar with the matter, which the federal government has reported amount to nearly $268,000 per month.
The Trump Organization owns and operates the luxury hotel, but it is in a federally owned building on Pennsylvania Avenue. As part of its deal to open the 263-room hotel, the company signed a 60-year lease in 2013 that requires the monthly payments to the General Services Administration.The Trump Organization owns and operates the luxury hotel, but it is in a federally owned building on Pennsylvania Avenue. As part of its deal to open the 263-room hotel, the company signed a 60-year lease in 2013 that requires the monthly payments to the General Services Administration.
Eric Trump, the president’s son, confirmed that the company had opened a conversation about possible changes to the terms of the lease, which could include adjustments to future monthly payments. The Trump Organization has said it is current on its rent.Eric Trump, the president’s son, confirmed that the company had opened a conversation about possible changes to the terms of the lease, which could include adjustments to future monthly payments. The Trump Organization has said it is current on its rent.
The younger Mr. Trump said the company was asking the G.S.A. for any relief that it might be granting other federal tenants. The president still owns the company, but his eldest sons run the day-to-day operations.The younger Mr. Trump said the company was asking the G.S.A. for any relief that it might be granting other federal tenants. The president still owns the company, but his eldest sons run the day-to-day operations.
“Just treat us the same,” Eric Trump said in a statement on Tuesday. “Whatever that may be is fine.”“Just treat us the same,” Eric Trump said in a statement on Tuesday. “Whatever that may be is fine.”
The G.S.A. did not immediately respond to a request for comment, including about whether its other tenants had made similar inquiries. The White House also did not respond to a request for comment.The G.S.A. did not immediately respond to a request for comment, including about whether its other tenants had made similar inquiries. The White House also did not respond to a request for comment.
Companies across the country have pleaded for relief from lenders and landlords, but the Trump Organization’s submission presents a particular predicament.Companies across the country have pleaded for relief from lenders and landlords, but the Trump Organization’s submission presents a particular predicament.
If it denies the request, the agency risks running afoul of the president, who appoints its leader; but if it accommodates the Trumps, the agency is likely to draw fire from critics.If it denies the request, the agency risks running afoul of the president, who appoints its leader; but if it accommodates the Trumps, the agency is likely to draw fire from critics.
The Trump Organization was barred by Congress from seeking relief from the $500 billion rescue fund being administered by the Treasury Department, and a Trump Organization executive said on Tuesday that the company had decided not to apply for a federal loan through the Small Business Administration. The company argues that it is seeking only temporary relief from the G.S.A. while the hotel industry globally copes with an extraordinary drop in business.The Trump Organization was barred by Congress from seeking relief from the $500 billion rescue fund being administered by the Treasury Department, and a Trump Organization executive said on Tuesday that the company had decided not to apply for a federal loan through the Small Business Administration. The company argues that it is seeking only temporary relief from the G.S.A. while the hotel industry globally copes with an extraordinary drop in business.
Along with the broader hospitality industry, the company is expected to take a significant hit from the economic shutdown. The Trump Organization has temporarily closed its hotel overlooking the Las Vegas Strip, cut staff and services at its hotel in New York, and effectively closed its golf clubs in New Jersey and Florida. It also shuttered the Mar-a-Lago club in Florida, which at this time of year would ordinarily be acting as the “winter White House,” as the president refers to it. The Washington hotel’s bar, restaurant and spa are closed, but it is still accepting reservations.Along with the broader hospitality industry, the company is expected to take a significant hit from the economic shutdown. The Trump Organization has temporarily closed its hotel overlooking the Las Vegas Strip, cut staff and services at its hotel in New York, and effectively closed its golf clubs in New Jersey and Florida. It also shuttered the Mar-a-Lago club in Florida, which at this time of year would ordinarily be acting as the “winter White House,” as the president refers to it. The Washington hotel’s bar, restaurant and spa are closed, but it is still accepting reservations.
The request to the G.S.A. is one of a number of attempts by the Trump Organization to get breathing room from its lenders and other financial partners.The request to the G.S.A. is one of a number of attempts by the Trump Organization to get breathing room from its lenders and other financial partners.
The company has been talking with Deutsche Bank, the president’s largest creditor, about the possibility of postponing payments on its loans from the bank.The company has been talking with Deutsche Bank, the president’s largest creditor, about the possibility of postponing payments on its loans from the bank.
Mr. Trump owes Deutsche Bank more than $300 million on loans connected to the Washington hotel, his Doral golf resort in Florida and a skyscraper in downtown Chicago. The Trump Organization has a small amount of debt compared with other major real estate companies, which could weigh in its favor as it seeks support from Deutsche Bank and others. Representatives have been in talks with Rosemary Vrablic, a senior banker in the Deutsche Bank division that serves the ultrarich, about delaying or reducing its loan payments. Ms. Vrablic has been working with Mr. Trump for nearly a decade and, before that, worked closely with Jared Kushner, Mr. Trump’s son-in-law and senior adviser.Mr. Trump owes Deutsche Bank more than $300 million on loans connected to the Washington hotel, his Doral golf resort in Florida and a skyscraper in downtown Chicago. The Trump Organization has a small amount of debt compared with other major real estate companies, which could weigh in its favor as it seeks support from Deutsche Bank and others. Representatives have been in talks with Rosemary Vrablic, a senior banker in the Deutsche Bank division that serves the ultrarich, about delaying or reducing its loan payments. Ms. Vrablic has been working with Mr. Trump for nearly a decade and, before that, worked closely with Jared Kushner, Mr. Trump’s son-in-law and senior adviser.
While Ms. Vrablic is in charge of the bank’s relationship with the company, changes to the terms of the loans could generate acrimony inside Deutsche Bank and are likely to be vetted by senior executives responsible for protecting the bank’s reputation, according to a person familiar with the deliberations.While Ms. Vrablic is in charge of the bank’s relationship with the company, changes to the terms of the loans could generate acrimony inside Deutsche Bank and are likely to be vetted by senior executives responsible for protecting the bank’s reputation, according to a person familiar with the deliberations.
Bank executives already have been debating the wisdom of granting forbearance to the president, with some worried about the political blowback they would almost certainly encounter for cutting Mr. Trump slack, the person said. Deutsche Bank is overseen by federal regulators, and the Justice Department has been conducting a criminal investigation into the bank over allegations of money laundering and other misconduct.Bank executives already have been debating the wisdom of granting forbearance to the president, with some worried about the political blowback they would almost certainly encounter for cutting Mr. Trump slack, the person said. Deutsche Bank is overseen by federal regulators, and the Justice Department has been conducting a criminal investigation into the bank over allegations of money laundering and other misconduct.
In Florida, the Trump Organization in late March sought guidance from Palm Beach County about whether it had to continue making monthly payments on land that the company leases for its 27-hole Trump International Golf Club in West Palm Beach, according to people briefed on the discussions and documents reviewed by The New York Times.In Florida, the Trump Organization in late March sought guidance from Palm Beach County about whether it had to continue making monthly payments on land that the company leases for its 27-hole Trump International Golf Club in West Palm Beach, according to people briefed on the discussions and documents reviewed by The New York Times.
This month, the Trump Organization made its monthly lease payment of about $88,000 about a week after the due date but before the company would have incurred a penalty, according to county documents. Company executives are still seeking guidance from Palm Beach County about whether they are expected to keep making lease payments with the golf industry shut down.This month, the Trump Organization made its monthly lease payment of about $88,000 about a week after the due date but before the company would have incurred a penalty, according to county documents. Company executives are still seeking guidance from Palm Beach County about whether they are expected to keep making lease payments with the golf industry shut down.
Updated June 5, 2020Updated June 5, 2020
A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study.
The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April.The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April.
Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission.Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission.
Exercise researchers and physicians have some blunt advice for those of us aiming to return to regular exercise now: Start slowly and then rev up your workouts, also slowly. American adults tended to be about 12 percent less active after the stay-at-home mandates began in March than they were in January. But there are steps you can take to ease your way back into regular exercise safely. First, “start at no more than 50 percent of the exercise you were doing before Covid,” says Dr. Monica Rho, the chief of musculoskeletal medicine at the Shirley Ryan AbilityLab in Chicago. Thread in some preparatory squats, too, she advises. “When you haven’t been exercising, you lose muscle mass.” Expect some muscle twinges after these preliminary, post-lockdown sessions, especially a day or two later. But sudden or increasing pain during exercise is a clarion call to stop and return home.Exercise researchers and physicians have some blunt advice for those of us aiming to return to regular exercise now: Start slowly and then rev up your workouts, also slowly. American adults tended to be about 12 percent less active after the stay-at-home mandates began in March than they were in January. But there are steps you can take to ease your way back into regular exercise safely. First, “start at no more than 50 percent of the exercise you were doing before Covid,” says Dr. Monica Rho, the chief of musculoskeletal medicine at the Shirley Ryan AbilityLab in Chicago. Thread in some preparatory squats, too, she advises. “When you haven’t been exercising, you lose muscle mass.” Expect some muscle twinges after these preliminary, post-lockdown sessions, especially a day or two later. But sudden or increasing pain during exercise is a clarion call to stop and return home.
States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people.States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people.
Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks.Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks.
Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.
If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)
Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications.Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications.
The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing.The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing.
If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.
If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested.If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested.
Eric Trump confirmed that the negotiations were underway and said the company was seeking the same relief that any other companies were getting.Eric Trump confirmed that the negotiations were underway and said the company was seeking the same relief that any other companies were getting.
“In Florida, the very county that mandated we close is the very county collecting rent,” he said. “What are they doing for others? Just treat us the same.”“In Florida, the very county that mandated we close is the very county collecting rent,” he said. “What are they doing for others? Just treat us the same.”
Some of Palm Beach County’s commissioners worry that if they don’t give the president’s company extra time to make lease payments, the county could anger the president and lose out on federal assistance to fight the coronavirus, according to a county official who wasn’t authorized to speak publicly.Some of Palm Beach County’s commissioners worry that if they don’t give the president’s company extra time to make lease payments, the county could anger the president and lose out on federal assistance to fight the coronavirus, according to a county official who wasn’t authorized to speak publicly.
Separately, the Trump Organization, like other hotel chains, was eligible to apply for loans of up to $10 million that can be converted into grants from the Small Business Administration, based on a provision inserted into the stimulus package that allowed large companies with hotels that individually had fewer than 500 employees to apply for the assistance.Separately, the Trump Organization, like other hotel chains, was eligible to apply for loans of up to $10 million that can be converted into grants from the Small Business Administration, based on a provision inserted into the stimulus package that allowed large companies with hotels that individually had fewer than 500 employees to apply for the assistance.
But this program would have required the Trump Organization to bring back workers, as it is intended to prevent job losses. The Trump Organization did not apply, according to the company.But this program would have required the Trump Organization to bring back workers, as it is intended to prevent job losses. The Trump Organization did not apply, according to the company.
Of all the company’s dealings, the Washington hotel’s relationship with the federal government has provided the most fodder for the president’s rivals, who argue that the property is a prime example of the president blurring the lines between his administration and his business.Of all the company’s dealings, the Washington hotel’s relationship with the federal government has provided the most fodder for the president’s rivals, who argue that the property is a prime example of the president blurring the lines between his administration and his business.
Soon after he took office, the G.S.A. ruled that Mr. Trump’s ascending to the presidency did not violate the terms of the lease between his company and the government. But in 2019, the G.S.A.’s inspector general issued a report asserting that the agency’s lawyers had largely ignored potential constitutional issues related to the lease, essentially allowing the president’s operation of the property to continue.Soon after he took office, the G.S.A. ruled that Mr. Trump’s ascending to the presidency did not violate the terms of the lease between his company and the government. But in 2019, the G.S.A.’s inspector general issued a report asserting that the agency’s lawyers had largely ignored potential constitutional issues related to the lease, essentially allowing the president’s operation of the property to continue.
The president’s lawyers have disputed charges that the arrangement could violate a constitutional provision that bars federal officials from taking payments or gifts from foreign governments. The hotel, frequented by foreigners and others doing business with the government, has been at the center of those allegations, while the Trump Organization has donated hundreds of thousands of dollars in profits from foreign governments.The president’s lawyers have disputed charges that the arrangement could violate a constitutional provision that bars federal officials from taking payments or gifts from foreign governments. The hotel, frequented by foreigners and others doing business with the government, has been at the center of those allegations, while the Trump Organization has donated hundreds of thousands of dollars in profits from foreign governments.
The company last year put the hotel on the market for a possible sale, citing the ongoing objections, and a potential for a major financial windfall. The company fielded bids, but any deal is now off the table because of the pandemic.The company last year put the hotel on the market for a possible sale, citing the ongoing objections, and a potential for a major financial windfall. The company fielded bids, but any deal is now off the table because of the pandemic.
Last week, the managing director of the Washington hotel, Mickael Damelincourt, posted a photo to Twitter of himself wearing a mask, standing in the hotel’s empty bar, with his chin up. “Keep looking up and Never Ever Give Up,” he wrote.Last week, the managing director of the Washington hotel, Mickael Damelincourt, posted a photo to Twitter of himself wearing a mask, standing in the hotel’s empty bar, with his chin up. “Keep looking up and Never Ever Give Up,” he wrote.
Eric Lipton contributed reporting.Eric Lipton contributed reporting.