Trump D.C. hotel turns $2 million profit in four months
Source: WP
Donald Trumps company turned a $1.97 million profit at its opulent Trump International Hotel so far in 2017, dramatically beating its expectations and giving the first hard numbers to critics who charge that Trump is profiting from his presidency.
The Trump Organization had projected that it would lose $2.1 million during the first four months of 2017 as it established a new hotel and convention business in the nations capital, according to newly released federal documents.
Instead the hotel, with its namesake in the White House down the street, is already turning a hefty profit and charging more for its rooms than most or all of the citys other hotels.
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Driving the profits are the extraordinary prices guests have been willing to pay for rooms, including members of Trumps Cabinet who have stayed or lived there, as well as big spending on food and beverages in the meeting areas, bar and restaurant spots frequented by members of Trumps inner circle and other Republican leaders.
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Read more: https://www.washingtonpost.com/politics/trump-dc-hotel-turns-2-million-profit-in-four-months/2017/08/10/23bd97f0-7e02-11e7-9d08-b79f191668ed_story.html
MattP
(3,304 posts)Flaleftist
(3,473 posts)sandensea
(21,704 posts)Emoluments.
Bladewire
(381 posts)ProudLib72
(17,984 posts)MAGA!
dalton99a
(81,658 posts)Doc Coco
(58 posts)One can only hope that Trump's lawyers suddenly have other reasons to remove themselves from their client.
benld74
(9,911 posts)turbinetree
(24,737 posts)In this report his cabinet is staying at this hotel
Trump International Hotel in Washington DC is located just minutes from the White ... rates start from318.75 USD/nightexcluding tax + fees ... Featuring 263 luxurious guest rooms and suites, BLT Prime by David Burke, Benjamin Bar & Lounge ...
This is just f*cking BS