Trump Lost Shirt on NYC Plaza Deal!

Posted: January 18, 2016 | Source: therealdeal.com

According to the New York Times, Donald Trump was a loser on his 1988 deal
to purchase New York’s Plaza Hotel. The Times reports that Trump paid
$407.5 million for the hotel (1988 reports pegged the price at $390
million), lost $74 million in his first year of ownership, and sold the
hotel in 1995 for $325 million. He also had to give one Plaza
rent-controlled tenant a rent-free replacement apartment with Central Park
views for the rest of her life to convince her to leave the Plaza.