Trump Hotel in DC Braced for a Loss, Got a Windfall

Marie Harrington
August 12, 2017

Experts interviewed by The Post said that the Trump International Hotel is now the most expensive hotel in Washington - partly because it has become a prestigious meeting ground for high-profile conservative leaders from around the world.

But the hotel's $660.28 average nightly rate― far higher than the rate of comparable hotels in the area ― made it a lucrative property.

Now, instead of a loss, Trump International turned a $1.97 million profit, which is "a 192 percent improvement over what the Trump family planned to make when the company opened the hotel in the fall".

While Trump and his daughter/advisor Ivanka Trump have (supposedly) stepped away from day-to-day operations at the Trump Organization, turning leadership over to large adult sons Donald Jr. and Eric (both of whom are regulars on Fox News, hmm), both the president and Ivanka retain stakes in the new D.C. hotel, ensuring they can, indeed, eventually reap the financial benefits.

The Trump International Hotel in Washington, D.C. has profited almost $2 million in 2017, according to newly released figures.

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The only divisions of the hotel that didn't churn a profit were retail, parking, and the Spa by Ivanka Trump.

The Post noted the Trump Organization thought the hotel would lose $2.1 million in the first four months of 2017.

Government ethics experts and Democrats in Congress have railed against the government's lease, with Rep. Peter A. DeFazio (D-Ore.) calling it a "highly unethical arrangement". The most recent legal challenge to Trump's ownership of the property, filed by the watchdog group Citizens for Responsibility and Ethics in a NY district court on August 4, claimed that "no previous president has come to office with such disregard for conflicts-of-interest principles, or presented remotely the same risk of financial entanglement, foreign and domestic".

Of his 202 days in office, Trump has spent 65 days at his properties, majority at his golf properties. Hm, how might the Trump International Hotel have pulled that one off?

The Journal on Friday based its report on hotel records that were briefly posted online Thursday by the General Services Administration - the government agency that, despite Trump's control of it as President, serves as the Trump hotel's landlord - with financial data included.

Other reports by TheSundaySentinel

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