A Lender Is Foreclosing On The Swank NYC Hotel Donald Trump Unveiled On 'The Apprentice'

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Donald Trump bloomberg

screenshot via Bloomberg.

Donald Trump speaking on Bloomberg.

If you're a New Yorker who's into Donald Trump's preferred big and shiny aesthetic, this may be a sad moment for you.

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The lender in Trump Soho, the hotel Trump unveiled on his show The Apprentice, has decided to foreclose on the property, according to the Wall Street Journal.

From the WSJ:

Real-estate investor CIM Group, which holds a junior loan on the property, is taking control of the building through a foreclosure process and his hired brokerage Eastdil Secured to auction off the property.

The hotel opened in 2010 and quickly became a hotspot for upscale bottle service. But as with many NYC nightlife destinations, its popularity has waned.

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Trump has a licensing deal with the property, not an equity stake.