***** hotel in DC: "Late last night the government took down the documents this story is based upon"
Retweeted by David Fahrenthold: https://twitter.com/Fahrenthold
Late last night the government took down the documents this story is based upon
Link to tweet
By Jonathan O'Connell August 10 at 7:18 PM
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.
The $4.1 million swing from projected losses to profitability represents a 192 percent improvement over what the Trump family planned to make when the company opened the hotel in the fall.
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Jonathan O'Connell has covered land use and development in the Washington area for more than five years. Follow @OConnellPostBiz
matt819
(10,749 posts)While it's only in the 7-digit range, could the swing be more money laundering?
Phoenix61
(17,019 posts)Money laundering is for losers not for presidents.
Hekate
(90,793 posts)So classy.
So Third World. So Banana Republic.
groundloop
(11,523 posts)erronis
(15,328 posts)'nuff.
earthshine
(1,642 posts)No one will visit his overpriced properties when he's out.
He'll go broke maintaining them or trying to sell them.
Kleveland
(1,257 posts)Some may wish that he perishes, but I and everyone I know would rather see him suffer the disgrace and defeat of absolute finacial destitution combined with knowing just how many good people on this earth truly hate his putrid guts.
That goes for the rest of his grifter family and in-laws as well!
Make it so!
SammyWinstonJack
(44,130 posts)Sunlei
(22,651 posts)Javaman
(62,534 posts)Honeycombe8
(37,648 posts)They don't understand. Really...they don't. They don't know the difference between water and sand.
elleng
(131,107 posts)WHICH branch of WHAT government?
mahatmakanejeeves
(57,602 posts)aggiesal
(8,923 posts)they feel obligated to stay at Cheetolini's crib to not insult
the person they're sucking up to.