Tags: Donald Trump | trump international | hotel | trump organization | washington

Trump Hotel DC Has Profited Nearly $2 Million This Year

Image: Trump Hotel DC Has Profited Nearly $2 Million This Year
Trump International Hotel in Washington, D.C. (AP Photo/Riccardo Savi)

By    |   Thursday, 10 Aug 2017 08:29 PM

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

The Washington Post reported the hotel, which is located a few blocks from the White House, is exceeding expectations in its first full year in service.

The Post noted the Trump Organization thought the hotel would lose $2.1 million in the first four months of 2017. The data, however, shows the property has made a healthy profit to the tune of $1.97 million.

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. That figure beat the company's goal by 57 percent.

The hotel has played host to countless people and groups from both inside and outside the Trump administration who needed a place to stay in the city or to hold a meeting or larger event.

President Donald Trump's critics have accused him of trying to make money off his presidency by way of the properties his company owns across the world. Trump has visited several of the golf courses he owns since becoming president, and he stayed at his Mar-a-Lago resort on multiple weekends earlier this year.

Bloomberg reported in June that Trump's net worth has fallen from $3 billion to $2.9 billion in the last year, mostly due to the underperformance of the office properties he owns.

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The Trump International Hotel in Washington, D.C. has profited nearly $2 million in 2017, according to newly released figures.
trump international, hotel, trump organization, washington
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2017-29-10
Thursday, 10 Aug 2017 08:29 PM
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