Quote:
Originally Posted by dyna mo
you're not at all up to speed on the story/events of it. you cherry pick bits and then point to those out of context. like rochard does.
nevertheless, my post to rochard again was: no. the plaza did not sell for $350 million a little while later.
i didn't get into whether or not the plaza hotel was a good investment, it wasn't, and even Trump acknowledged that in the full page nyt piece he wrote right after buying it.
i'm right, as per always.
and the ahahahahahahahahahahahahah is my signature line.
so
ahahahahahahahahahahahahaha
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Now class, someone is not paying attention again
Those aren't bits and pieces. dear, its called quotes from much detailed articles you refuse to read.
You see the total value (!!!! now pay attention) was 325 mil. Thats what Abdul and Pu Yi got it for in 1992.. So thats little while after Trum bought it, pawn it, lost equity and everything else with it.
Lets quote NYT again and lets pay attention:
Quote:
The buyers said yesterday that the deal put a total value of $325 million on the landmark hotel at 59th Street and Fifth Avenue near Central Park.
In essence, the buyers are taking over the Plaza by assuming most of its debts. None of the money from the deal will go to Mr. Trump, who acquired the hotel for about $400 million in 1988.
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Now what it sold after little while is irrelevant to Donny since he had no control or say in it and real owners poured millions in to it restructuring debt and every other obligation Trump generously passed on.
Now in 2004 (that would be a while while after a little while) for 675 million. But that has nothing to do with Donny. Just like if you foreclose on your house, sell it Abdul and 10 years later Abdul sells it to someone else. ... Right????
You see, that wasn't that hard, right?