Trump Organization hunts for second DC hotel location: report

President's firm is considering expanding its Scion brand to the nation’s capital

TRD MIAMI /
Mar.March 30, 2017 12:15 PM

From the New York website: Trump Hotels is exploring the possibility of opening up a second hotel in Washington D.C., and has seriously considered at least one potential location.

Trump’s company is weighing bringing the Scion brand to D.C., Bloomberg reported, citing sources. The Scion line of Trump Hotels is aimed at travelers seeking less expensive accommodation than what’s offered by the more famous brand. The company announced the brand last fall.

One of Trump’s investment partners was in talks to buy the Beacon Hotel and Corporate Quarters in D.C., a person familiar with the discussions told Bloomberg, but they couldn’t reach an agreement on the price. The seller of the hotel is asking around $65 million for the 199-room hotel, the source said. In recent months, representatives from the company have made inquiries about converting several hotels around downtown D.C., the Washington Post reported this week.

“We are exploring many markets as opportunities for our new Scion hotel brand,” Trump Hotels Chief Executive Officer Eric Danziger said in a statement to Bloomberg. He would not comment on individual locations. Unlike Trump International Hotels, which the president and his family own, Scion hotels would be owned by separate developers who pay for licensing rights and management.

Trump’s other hotel in the city, the Trump International Hotel on Pennsylvania Avenue, has attracted intense scrutiny over the conflicts of interest issues it presents.  The building itself is rented from the federal government, which put Trump on both sides of the lease.

Last week, the General Services Administration told the Trump Organization that the Trump International Hotel in D.C., is in “full compliance” with lease requirements stipulating that no government officials be involved with or benefit from the contract.

Ethics experts, however, had argued President Trump is overseeing a contract that is financially benefitting him while in office, even if he doesn’t have access to the money until his term is over. [Bloomberg] and [Washington Post]Miriam Hall


Related Articles

arrow_forward_ios
Fontainebleau Miami Beach (Top), Diplomat (Left), and Boca Raton Resort (Right)

SoFla hotels face $4B CMBS debt exposure

Ken Griffin and the Four Seasons Resort Palm Beach (Credit: Larry Busacca/Getty Images)

Ken Griffin operating trading room at the Four Seasons Palm Beach during hotel closure

Jay Sakalo and Jaime Sturgis

South Florida commercial real estate closings face delays and cancellations due to coronavirus economic meltdown

From left: Eden Roc and BLT Prime Trump National Doral (Credit: Acroterion/Wikipedia, and Trump International Hotels Management LLC)

Trump National Doral restaurant, Eden Roc hotel lay off hundreds

From left: Miami Beach Mayor Dan Gelber, and Miami-Dade Mayor Carlos Gimenez (Credit: Twitter, Ryan Holloway/ Armando Rodriguez Miami-Dade County Photographers, and iStock)

All hotels, short-term rentals in Miami-Dade ordered to shut down due to coronavirus

Clockwise from left: the Acqualina, the Biltmore and the Diplomat (Credit: Google Maps)

Diplomat, Acqualina, Biltmore hotels closing amid coronavirus

A photo illustration of Key West (Credit: iStock)

All hotels and short-term rentals to shut down in Florida Keys

South Beach Miami (Credit: iStock)

Miami hotels prepare for layoffs and other budget cuts as occupancy plummets

arrow_forward_ios
Loading...