It looks like Trump can’t own his Washington, DC hotel AND be president at the same time.
From NBC News:
Among Donald Trump’s many potential conflicts of interest, one stands out: His organization’s lease with the federal government to redevelop and run a luxury hotel in the iconic Old Post Office building on Pennsylvania Avenue between the White House and the Capitol.
How, critics wondered, could President Trump become his own landlord?
Now comes a new twist: Two federal procurement experts are arguing that not only will Trump have an ethics challenge — he will be in violation of the terms of the lease as soon as he takes the oath of office.
Steven L. Schooner, a professor of government procurement law at the George Washington University Law School, and Daniel I. Gordon, a senior advisor to GW’s Government Procurement Law Program (and President Obama’s first administrator for federal procurement policy) pointed out this week in Government Executive magazine that a provision in Trump’s lease with the General Services Administration states that “No … elected official of the Government of the United States … shall be admitted to any share or part of this Lease, or to any benefit that may arise therefrom…”
So basically, Trump can’t own a government property, and be the head of the government at the same time. Even if he passes the reigns to his children, it is still a huge conflict.