The lease for the Trump International Hotel, located a short distance from the White House, is to be sold off to investment firm CGI Merchant Group, and have the Trump name removed.while Trump was in office. According to audited financial statements seen by The Associated Press, the hotel also lost nearly $50 million between 2016 and 2019 and nearly $22 million in 2020.
Reuters previously reported that Trump's divisive time as president may be affecting his revenue at some of his high-end properties. Revenue for his hotel in Las Vegas also fell from $22.9 million in 2017 to $9.2 million during 2020 and early 2021, according to Trump's financial disclosures, with golf tournaments and charity events also reportedly being canceled by organizations desperate to avoid associations with Trump.
"Prior to his political career, the Trump brand was about luxury—the casinos, the golf resorts," said Scott Smith, a former hotel executive and hospitality professor at the University of South Carolina."When he entered into politics, he took theIn a statement to Reuters, Trump's spokeswoman Liz Harrington denied that the former president's real estate empire is struggling.
"The real estate company is doing extremely well, and this is evident in Florida and elsewhere," Harrington said."Considering the coronavirus pandemic, in which the hotel industry was hit particularly hard, Mr. Trump's company is doing phenomenally well."Donald J. Trump attends opening of Red Tiger Golf Course at Trump National Doral on January 12, 2015 in Doral, Florida. Trump has announced plans to expand the Florida resort, including new luxury homes.
A other scam in the works…
It will never get pass the by-laws and if it does, it will be bankrptcy 7!
Why are you advertising his real estate venture?
More help from him to average Americans
Pretty fucked up. Miami wake the hell up🤬
I can’t believe ANYONE would lend him money!!!!!
With who's money?
He should be un jail instead of building luxury housing!
Will that include homes for the Russian-English translators?
nytimes washingtonpost USATODAY TIME DNC POTUS GOP LeaderMcConnell MAGA SHIT, go ahead and build houses, make lots of money (You must be broke, anyway); save your own GOP and American Democracy, save America from Donald Trump.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NYMag - 🏆 111. / 63 Read more »
Source: truthout - 🏆 69. / 68 Read more »
Source: axios - 🏆 302. / 63 Read more »
Source: njdotcom - 🏆 282. / 63 Read more »
Source: PennLive - 🏆 463. / 53 Read more »