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Sales at Donald Trump’s International Hotel in Washington collapse dramatically

Not only politically, things have not been going particularly well for Donald J. Trump in the past few weeks. Numbers have now been published that are likely to cause concern among the former American president.

Donald J. Trump is not only the former President of the United States of America, but also the owner of countless real estate. His hotels in major cities like New York or Washington in particular are valued at several million US dollars.

Corona crisis causes sales to collapse by more than 60 percent

Former President Donald J. Trump has now published a financial report for 2020. According to a report in the New York Times, the Trump Hotel in Washington achieved sales of around 15.1 million US dollars last year, a drop of 63 percent corresponds to.

In an interview with the New York Times, Eric Trump, the son of the former president, justified the loss of revenue with the coronavirus outbreak. The current rule in Washington is that the interiors of the restaurants may not be used more than 25 percent, and eating inside the restaurants was still forbidden until a few days ago.

In fact, the 263-room hotel was a very popular place for lobbyists, officials and supporters of the former president because it is within easy reach of the White House. Now, however, the large lobby is empty most of the time, as the New York Times continues.

Business Insider reports that the ex-president’s recent derailments, particularly in relation to the capital storm in Washington, have seen many Trump properties depreciate dramatically. An analysis by real estate data company UrbanDigs found that properties bearing the Trump name have lost 17 percent of their value since 2016.

Sales collapse in other areas as well

According to records from the American government’s ethics agency, sales of Trump’s corporate and real estate empire fell 38 percent year over year to $ 278 million in 2020. The sales of the Doral Golf Club in sunny Miami melted to 44.2 million US dollars, which corresponds to a decrease of 40 percent. Only the Mar-a-Lago Resort in Florida was able to convince with a sales growth of around 13 percent.

Difficult times for Donald J. Trump

Not only the defeat in the last presidential election should cause Trump headaches. The events surrounding the storming of capital also did more harm than help to the ex-president. The city of New York has already announced that it wants to terminate all current contracts with the Trump Empire and some non-profit organizations have also announced that they will be leaving their offices, which are in the Trump Organization buildings, as soon as possible.

There are also various preliminary investigations against Donald J. Trump. As the Neue Züricher Zeitung reports, there are allegations of “election fraud, […] Rape allegations, inheritance stories or even the alleged advertisement for a burst “investment system” ”in the room.

Image sources: August_0802 / Shutterstock.com

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