Monday, 8 May 2017

Donald Trump to sell USD 28 mn French St Martin mansion

 US President Donald Trump is looking to unload his luxurious $28 million French St Martin beachfront estate, a media reported on Sunday.
Trump bought Le Chateau des Palmiers for a reported $19.3 million in 2013 and has rented it out for up to $28,000 a night, reported.
"Greetings from Donald J. Trump. Escape to a place no other," reads a brochure for the property.
The 4.8-acre estate on St Martin`s Plum Bay includes two villas with a total of 11 bedrooms and 12 baths.
The smaller villa has themed bedrooms, including a "jungle room". Fittingly for Trump, the property is enclosed by an 8-foot boundary wall.
Rental packages for the President`s tropical refuge start at $6,000 per night in the low season for the smaller of two villas and top off at $28,000 during the winter holidays, according to Sotheby`s St Martin office.
Disclosures sent to the federal Office of Government Ethics indicate that Trump owns the St Martin property under two limited liability companies, Excel Venture I LLC and Excel Venture Corp II, for which he owns a 100 per cent share.

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