Trump’s $100 Million Mistake: How Retaining Ownership Of His Hotels Cost The President A Fortune
- Date: 18-Sep-2020
- Source: Forbes
- Sector:Economy
- Country:Saudi Arabia
Trump’s $100 Million Mistake: How Retaining Ownership Of His Hotels Cost The President A Fortune
WASHINGTON, D.C., is full of monuments to presidents, but none quite like the Trump International Hotel, down the street from the White House. A bottle of chardonnay from the Trump winery in Virginia goes for $68. A seafood platter called the Trump tower, which includes a puny lobster and a dozen oysters and clams, runs $120. And a hamburger goes for $26. The only free thing on the menu? The ever-present cocktail of money and power, which anyone can absorb simply by peering around the lobby.
Revenues at the brand-new hotel hit nearly $6 million in January 2017, the month of Trump's inauguration—roughly double internal expectations. The business turned a one-month profit of $1.6 million. In addition to all the money coming directly from Trump's billionaire buddies—Vegas tycoon Phil
Select Sector 
Select Country 
