In Four Months, Trump DC Hotel Made $2 Million in Profit

In Four Months, Trump DC Hotel Made $2 Million in Profit

Citing documents from the General Services Administration, the Post noted guests have spent an average of $652.98 per night to stay at the hotel, which includes not only room fees but also expenditures at the hotel bar and restaurant.

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".

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

The Trump Organization had projected it would lose $2.1 million during the first four months of 2017 as it established a new hotel and convention business in the nation's capital, according to newly released federal documents. Rep. Peter DeFazio (D., Ore.) called the arrangement "highly unethical". Rates for the hotel are higher than nearby competition, and the Journal reports the hotel charges 60 percent higher than its budgeted prices.

The hotel has also become a point of controversy for the president, with ethics watchdogs questioning whether Trump is using the presidency to drum up business at the hotel.


Concerns over politicians, foreign nationals, and lobbyists spending their money at Trump properties as a way to curry favor with the US president is why CREW filed a lawsuit against President Trump alleging that he his involvement with his business empire while in office violates the Emoluments clause of the Constitution.

It's not the only Trump property that has benefited financially from its namesake's presidency.

The hotel's management has pledged to donate proceeds from foreign officials to the U.S. Treasury, but at the same time, the Department of Justice (headed by Jeff Sessions, one of Trump's earliest congressional supporters) has ruled the emoluments clause doesn't apply to fair market commercial transitions.

Ivanka Trump, the president's daughter, led the development of the project as a Trump Organization executive before resigning to join the White House. It had an occupancy rate of 44.4 percent, versus an average 69.5 percent occupancy rate for comparable hotels. The GSA owns the lease to the Old Post Office, the building which was later developed into the Trump International Hotel.

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