Trump International Hotel in DC--despite all the big bar tabs from lobbyists/White House officials/foreign dignitaries, supporters of Trump and RUDY Giuliani, of course--lost an estimated $74 million between 2016 and 2020, according to data collected by House Oversight Committee 
House Oversight is investigating the lease by the federal government of the Old Post Office building to Trump for this hotel. Trump had reported total revenue from the hotel in his annual financial disclosures. We always knew that as reporters. It was not PROFITS.
Here is the full letter sent to the General Services Administration--the fed government's landlord--about the Trump hotel lease. oversight.house.gov/sites/democrat…
Couple of observations. A) It remains unclear to me that this hotel actually lost money. Trump has a history of cooking the books to make an appearance of a business loss on one ledger, but he still has profits on another.
B) If Trump hotel did lose money every year since it opened--that is also not a surprise to me. Yes, it got a lot of political business from backers of Trump. But corporations and many business travelers stayed away. That hotel severely UNDER PERFORMS given its location.
That is why Trump Org is trying to sell the hotel. It is worth more money to a mainstream hotel chain. It is without question a beautiful hotel--perhaps most beautiful hotel lobby in DC. But it under performs on the market--because of Trump, even if it pulls in Trump supporters.
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