Tuesday, April 4, 2017

Trump Looking to Buy Hotel Across From CSIS

President Donald Trump may not actually be looking to buy up "Think Tank Row," but he is looking to buy a hotel across from the Center for Strategic and International Studies (CSIS), a top defense and foreign relations think tank located in the heart of Washington, DC.

Here is more from The Washington Post:
President Trump’s company is actively seeking to open a second Washington hotel as part of a planned nationwide expansion, potentially creating another venue where he stands to benefit financially from customers doing business in the nation’s capital.
Representatives of the Trump Organization, now run by the president’s adult sons, have inquired in recent months about converting one of several boutique, medium-sized hotels in upscale neighborhoods in and near downtown and reopening it under the company’s new Scion brand.
Eric Danziger, chief executive of the Trump Organization’s hotel division, more recently toured the 199-room Beacon Hotel, at 1615 Rhode Island Ave. NW, with an interest in converting the property to a Scion, according to a real estate executive who was not authorized to discuss the Trump Organization’s interest and spoke on the condition of anonymity. No agreement was reached.

The Beacon Hotel is directly across from CSIS, whose address is 1616 Rhode Island Ave. NW.  There is no word yet as to what the think tank would think of a new Trump neighbor.