Quote:
Originally Posted by Horatio Caine
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:
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? |
it's quite clear who is not paying attention, i'll refresh your memory::
Quote:
Originally Posted by Rochard
The Trump Plaza Hotel in NYC is still open.
Trump bought it for $400 million, and put in $50 million in renovations. A short time later it sold for $325 million.
|
Quote:
Originally Posted by dyna mo
no. it sold later for $675 million.
|
i'll also add:
"Under terms of an agreement reached late in 1992, that consortium agreed to forgive overdue interest payments on some $300 million in loans in return for a 49 percent stake in the Plaza.
"There will be four partners," said Abraham Wallach, a spokesman for Mr. Trump. "The banks, primarily Citibank, who will get a preferred return on their equity; Prince Walid; CDL Hotels and Mr. Trump."
you might not understand how Trump's lack of equity in the property played into the deal structure, that would be why you are confused.
ahahahahahahahahahahahahahahah