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Sharks are circling the wounded Orange Whale

Washington Post: “Donald Trump’s new office is the Mar-a-Lago Club’s old bridal suite. There – exiled from Washington, avoiding New York, working from a repurposed dressing room in Florida – the former president faces a choice. Is it time to start selling his properties? Some of Trump’s businesses are now in crisis, facing sharp drops in revenue and an exodus of clients, lenders, lawyers and business partners. Now, sharks are circling.”

“The Washington Post spoke with four investors who said they are exploring efforts to buy Trump’s properties or the loans he has taken out on them. They believe Trump has fatally wounded his brand – a view shared by some independent analysts – and they are hoping he will cut his losses by selling them luxe properties for cheap. ‘The first thing you do is you take the Trump name off them – which, by the way, could be a multiple-week effort, because it’s on everything,’ said one of the four, who spoke on the condition of anonymity because no offer has been made yet. ‘Once it’s gone, it’s a competitive asset.’ Selling off properties would free Trump to focus on a political revival rather than the struggle to rebuild his holdings, which now include 10 hotels, 13 clubs, about 20 name-branded office or residential towers, two ice rinks and a winery. But it may also mean giving up a key piece of his old identity – his image as a world-spanning business titan, which carried him to reality-TV fame and to the White House.”

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