The controversial President with hotels to match is in the news again. Since President Trump voluntarily submitted a 98-page financial disclosure on Friday to the Office of Government Ethics, the first picture of the Trump Organization's finances has been made accessible. And it involves some DC real estate.
The Trump International Hotel, housed in the Old Post Office building on Pennsylvania Avenue as a neighbor to the White House, has seen a spike in business since its fall opening. It’s been a location for inaugural, foreign, diplomatic, and business interest events.
The hotel, featuring 263 rooms, BLT Prime by David Burke, Benjamin Bar & Lounge and The Spa by Ivanka Trump™, is cited in three separate lawsuits alleging that Trump is violating the Constitution's "emoluments" clause—a ban on foreign gifts and payments. President Trump and the Justice Department have called those claims baseless.
According to Fortune, President Donald Trump's Washington hotel saw almost $20 million in revenue during its first few months of operation—a period that coincided with his election and inauguration as the 45th president. However, Bloomberg reports that the report indicates the hotel’s loss of $1.2 million in the first two months of operation before he was President.
The rooms and suites, with amenities like 14 to 16 foot ceilings, Nespresso machines, and complimentary digital access to thousands of magazines, start at prices hovering at $446 per room at the time of this writing. Without releasing his tax returns, there are many eyes on this report. More to come.
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- Trump’s Washington Hotel Saw Almost $20 Million in Revenue [Fortune]
- Trump Lost $1.2 Million at Hotel He Should Sell, Democrats Say [Bloomberg]
- Trump Hotel DC [website]