A SLAP IN THE FACE TO AMERICAN TAXPAYERS WHO HAVE BEEN FORCED TO BAILOUT UNION CRIMINAL SYNDICATE PENSION FUNDS TO THE TUNE OF $100 BILLION...SOUTHWEST CARPENTERS FUND BUYS A HYATT REGENCY HOTEL AT LAX

 IN RETURN FOR "CONTRIBUTIONS" FROM UNION CRIMINAL SYNDICATES "FOR SALE" POLITICAL CARPETBAGGERS BOBBY SCOTT, RICHARD NEAL AND SHERROD BROWN CONSPIRED WITH THE TEAMSTERS CRIMINAL SYNDICATE AND OTHER UNIONS UNDER THE NCCMP UMBRELLA. 

THEY HAVE NOW PUT THE AMERICAN TAXPAYER ON THE HOOK FOR UNION CRIMINAL SYNDICATE PENSIONS FOR THE NEXT 30 YEARS AT AN ESTIMATED COST OF $100 BILLION DOLLARS PLUS.

THEY FINALLY GOT THE UNION CROOKS WHAT THEY HAVE WORKED SO HARD TO GET. A TAXPAYER BAILOUT OF UNION CRIMINAL SYNDICATES TO ALLOW THESE CROOKS TO CONTINUE TO LOOT AND MISMANAGE UNION PENSION FUNDS

  $100 BILLION PLUS ROBBED FROM TAXPAYERS SO SOME UNION CROOKS CAN PISS IT AWAY WITH SCAMS AND HIGH RISK INVESTMENTS SUCH AS THIS.....

 

LAX HYATT REGENCY CHANGES HANDS FOR $75 MILLION

Carpenters union fund buys 508-room hotel from Amalgamated Bank

 

Hyatt Regency LAX and Southwest Regional Council of Carpenters CEO Dan Langford (Hyatt)

The Hyatt Regency at LAX Airport has been sold, and the new owner shouldn’t have any trouble finding help when there’s maintenance to be done — it’s a trust fund operated by a carpenters union.

The Southwest Carpenters Trust Fund bought the 508-room hotel for $75 million from Amalgamated Bank, The Real Deal has learned. The fund, which represented more than 57,000 carpenters across six states, confirmed the price of the deal.

Operator Prism Hospitality will continue to manage the property.

New York-based, union-owned bank Amalgamated Bank bought the hotel, then branded as a Radisson, through a foreclosure in 2014 for $35 million, according to records.

The hotel was rebranded as a Hyatt Regency in 2016 and underwent a $75 million renovation a few months after, adding a 35,000-square foot conference center and ballroom, Hyatt and Prism said at the time.

Next door, Kennedy Wilson bought the 724,066-square-foot QuikPark parking garage for $85 million in 2019, records show.

Amalgamated Bank has tried to offload the property over the last few years before the pandemic, according to a source familiar with the deal.

But as the pandemic has started to ease, investors and developers are now buying up hotels in Los Angeles in the hope that travel will soon return. Earlier this month, Braemar Hotels & Resorts entered the L.A. market with its $78 million purchase of the Mr. C Beverly Hills hotel. Stockdale Capital bought the J.W. Marriott in Santa Monica last month, also for $75 million.

 

 READ IT AT REAL DEAL.COM

 

WHERE DO WE START??SO MANY QUESTIONS

 

EST DAN "SUCK PUMP"LANGFORD

HEY DAN LANGFORD WTF IS A CEO.YOU ARE A LIAR,A FRAUD,A DOUGY MCCARRON SUCK ASS AND A TWO BIT UBC EST BUT...

!!YOU ARE NOT A CEO!!!!

HEY DANNY SUCK PUMP.TELL US ALL HOW THE UBC AND SOUTHWEST COUNCIL DID IN THE HOTEL BUSINESS WITH THE PALM SPRINGS RIVIERA HOTEL AND THE HARBOR TOWN MARINA(2 1/2 KILOS OF COKE)

HEY EBSA AND OTHER FEDERAL AGENCIES.REVISIT THE PALM SPRINGS RIVIERA,TEN GOOSE BOXING,SOUTHDOWN,DIRTY DOUGY MCCARRON,RON TUTOR AND THE SOUTHWEST FUNDS ALLEGATIONS AND TELL US IF THESE ASS CLOWNS SHOULD BE BUYING HOTELS WITH FUND MONEY

AMALGAMATED BANK

SO AMALGAMATED BANK OF NYC PAID $35 MILLION FOR THE HOTEL AFTER SPENDING A BOAT LOAD IN LEGAL FEES IN COURT

RadLAX Gateway Hotel LLC v. Amalgamated Bank, No. 11-166

 

THEY DID A $75 MILLION RENOVATION.(WE WILL TALK ABOUT THE FINANCING,CONTRACTORS AND UNION WORKERS FOR THE RENOVATION LATER)

THE BANK TRIED TO DUMP THE HOTEL ON THE MARKET BUT FAILED AND NOW THE SOUTHWEST COUNCIL GOES INTO THE HOTEL BUSINESS BUYS IT AT A DISCOUNT 

AMALGAMATED HAS OVER $110 MILLION IN IT AND THE SOUTHWEST COUNCIL GETS IT FOR $75 MILLION

Hmmm

(1) WHAT WAS THE TOTAL LOSS THAT AMALGAMATED BANK TOOK.HOW MUCH UNION MONEY IS IN THE UNION OWNED BANK THAT THEY LOST

 

SPEAKING OF WHO THE UBC WILL GET IN BED WITH 

(2)WHAT ABOUT THAT PESKY AMALGAMATED FDIC CONSENT ORDER 

CONSENT ORDER 

(3) WHAT ABOUT AMALGAMATED ALMOST GOING UNDER AND GETTING BAILED BY WILBUR ROSS AND RON BURKLE FOR A 40% SHARE.TALK ABOUT STRANGE BEDFELLOWS

WE KNOW WILBUR "THE BANKRUPTCY KING"ROSS 

IS THE DIRT BAG WHO THE  DUMPED THE PENSIONS OF 190,000 AMERICAN STEEL WORKERS AND A $6.4 BILLION LIABILITY ON THE PBGC

AND ISN'T WILBUR ROSS, AS TRUMPS COMMERCE SEC, THE IDIOT 
who made waves by saying he does not understand why federal workers are visiting food banks during the partial government shutdown. He urged them to seek loans from banks and credit unions to supplement their lost wages.

 

AND EVEN STRANGER BEDFELLOWS 

(4) JOE BIDEN,BERNIE SANDERS,ELIZABETH WARREN,KAMALA HARRIS AND PETE BUTTIGEIG ALL BANK WITH AMALGAMATED .

IT WILL BE INTERESTING TO WATCH WHAT ELSE UNION SELL OUT JOE 'THE WALKING DEAD"BIDEN WILL DO FOR THOSE UNION CRIMINAL SYNDICATES WHO"BRUNG ME TO THE SHOW"

PRISM HOSPITALITY

SO DALLAS BASE PRISM HAS BEEN RUNNING THE HOTEL FOR AMALGAMATED BANK AND WILL CONTINUE TO RUN IT FOR THE SOUTHWEST FUND

 

THE SAME DALLAS BASED PRISM WHO IS RUNNING THE INTERNATIONAL TRAINING CENTER AND MEGA SHYTE HOLE FOR DOUGY IN VEGAS AS WELL AS THE UBC HILTON(UNION BUSTERS)TRU HOTEL AND HOMEWOOD HOTELS IN VEGAS

 

Prism Hotels to manage three Las Vegas properties 

 Prism Hotels and Resorts, a full-service hotel management, investment and advisory services company, revealed it will be managing three properties owned the United Brotherhood of Carpenters: the group's International Training Center, a Homewood Suites by Hilton and a Tru by Hilton, all located in Las Vegas. Prism Hotels and Resorts’ president and CEO Steve Van made the announcement.

THE SAME PRISM THAT GOT PAID $2.7 MILLION PLUS TO RUN THE TRU AND HOMEWOOD  FOR DOUGY .

 

FUNNY THE SAME UBC LM2 SHOWS THE UBC CRIMINAL SYNDICATE AND DIRTY DOUG DIVERTED $11 MILLION PLUS OF MEMBERS MONEY TO RUN THE SAME TWO HOTELS FOR THE SAME YEAR

Jobsite Hospitality, LLC is incorporated in Nevada where it owns and operates a Homewood Suites hotel and a Tru hotel in Las Vegas, NV

HYATT THE UNION BUSTERS

"Union and community members hit Hyatt for union-busting"

Called by UNITE" “the worst hotel employer in America.”

" Pritzker-owned company fights unionization efforts"

 

SO LETS ASK

(1)HOW MUCH WILL THE UBC PUT IN THE UNION BUSTER HYATTS POCKET EACH YEAR FOR BRAND FEES.ARE THESE FEES AND OWNING A HOTEL A LEGITIMATE EXPENSE IN THE OPERATION OF A FUND UNDER ERISA

(2) WILL ALL THE HYATT REGENCY LAX EMPLOYEES BE UNIONIZED.IF SO WHAT UNION

(3)WHO WILL BE PAYING THE HOTELS EMPLOYEES WAGES AND BENEFITS?? 

(4) WHAT IS THE ESTIMATED OR REAL YEARLY OPERATIONAL TOTAL COST PRESENTED TO THE FUND TRUSTEES BEFORE THE VOTE TO MAKE THIS PURCHASE

(5) BASED ON THE UBC AND SOUTHWEST  HISTORY OF BEING CROOKED SCUM BAGS I HOPE THE EBSA WILL BE SUBPOENAING ALL MEETING MINUTES AND RECORDS DETAILING FINANCIAL PRESENTATIONS TO THE FUND TRUSTEES.I HOPE THE EBSA WILL BE SUBPOENAING PROOF OF THE VOTES OF FUND TRUSTEES TO PUT THESE ASS CLOWNS IN THE HOTEL BUSINESS

 I WONDER HOW LONG IT WILL BE AGAIN BEFORE THESE CROOKS ARE BACK TO CRY FOR ANOTHER BAILOUT BECAUSE  OUR FEDERAL AGENCY'S WILL NOT HOLD THEM ACCOUNTABLE AND STOP THEM

 

 In 2010, the Internal Revenue Service (IRS) Emerging Issues Task Force reported to EBSA that significant assets invested by plans in alternative investments may be a serious problem. “In 2010, approximately $3 trillion in assets received only a limited scope audit” Borzi did nothing. 

 

The Inspector Generals Office in 2013 and 2014 warned the EBSA of these high risk alternative investments. 

"WHY OIG CONDUCTED THE AUDIT Because these assets are at risk", 

Date Issued: September 30, 2014 Report Number:05-14-005-12-121.

 

The DOL Inspector General’s Office told the EBSA THEY must take further action to increase protections for participants and beneficiaries of plans investing in these types of investments. September 30, 2013 Report Number:091300112121 .

The EBSA did nothing.

 

SHYTE MIGHT AS WELL JOIN THEM

KNOW ANY FUND THAT WANTS TO BUY A BRIDGE