Trump’s DC hotel lost more than $1.1M in first two months

Democrats are concerned that Trump violated his lease with the GSA

TRD MIAMI /
Jan.January 24, 2017 11:15 AM

Donald Trump and the Trump International Hotel Washington DC

From the New York website: In its first two months in business, Donald Trump’s controversial Washington, D.C. hotel losses were yuge.

The Trump International Hotel fell short of revenue projections by nearly $2.3 million in September and October, losing $1.1 million in the first two months, Politico reported. Also, several Democratic members of Congress are arguing that Trump violated the terms of his lease with the General Services Administration when he became president since it bars public officials from benefiting from the deal.  Reps. Elijah Cummings, Gerald Connolly, Andre Carson and Peter DeFazio  are asking the GSA to turn over its correspondence with Trump’s company to show how it’s addressing the violation.

“Our hope has always been that President Trump would resolve these breach-of-lease and conflict of interest issues prior to being sworn in as President on January 20,” the Congressmen said in a letter. “Unfortunately, President Trump has refused to address these concerns, and taxpayer dollars may now be squandered as career public servants are forced to take remedial action to cure this breach.”

Representatives for Trump have argued that he hasn’t violated the terms of the lease because he was the old post office’s tenant before he became president. Trump plans to donate proceeds from foreign officials who stay at the hotel to assuage concerns that as president he’s accepting money from foreign dignitaries.  [Politico] Kathryn Brenzel 


Related Articles

arrow_forward_ios
Daily Digest Miami

Missoni Baia lands massive loan, Babylon Brickell owner sells Overtown property: Daily digest

Donald and Melania Trump at the entrance way of Mar-a-Lago (Credit: Getty Images)

With move to Mar-a-Lago, Trump could use Florida real estate law to protect himself from creditors

Donald Trump at Trump National Doral (Credit: Getty Images)

Former members of Trump Doral may have to wait decades to get their deposits back

President Donald Trump (Credit: Getty Images, Mar-A-Lago Club)

Trump properties in Palm Beach County could get $1.5M tax bill

Dmitry Rybolovlev, Donald Trump, and 5252 North Country Road (Credit: Getty Images)

Russian oligarch sells last piece of former Trump estate in Palm Beach for $37M

President Trump and Mar-a-Lago (Credit: Getty Images)

Revenue fell at Trump’s Palm Beach properties in 2018

Donald Trump and Trump Doral (Credit: Getty Images)

Trump Doral’s financial results falter due to Trump name: report

Jorge Pérez on building golf courses in Cuba with Trump, stepping down as president and more

Jorge Pérez on building golf courses in Cuba with Trump, stepping down as president and more

arrow_forward_ios
Loading...