Spike In Rates At Trump DC Hotel Helped Reverse Expected Losses


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. The Washington Post reports that the Trump Organization turned a $1.97 million profit on the business in the first four months of 2017, which is $4.1 million more than $2.1 million loss the company projected.

The Trump International Hotel in DC has brought in nearly $1.97 million in profit since the start of 2017, the Washington Post reported Friday.

The higher rates helped lead to the hotel garnering roughly $18 million in revenue during the first four months of 2017.

Credit room rates, in part: The Journal and Post cite slightly different average nightly room rates-$660 and $653, respectively-but either figure is well above the $495 hotelgoers paid at luxury rivals like the Four Seasons and the $416 the hotel had expected to charge between January and April.

The hotel has raised questions about whether Trump is using the presidency to benefit the hotel and his other businesses, although he's officially put sons Don Jr. and Eric Trump in charge of the hotel.

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The new records bolster concerns about the hotel and the Trump Organization.

According to The Hill, Trump promised to donate any profits from foreign governments to the USA treasury in an attempt to curb controversy. A spokesperson for the GSA told HuffPost the documents were posted by mistake and were soon taken down.

The Trump Organization signed a contract in 2013 with the federal government to lease the historic post office and turn it into an upscale hotel near numerous capital's most famous landmarks, including the White House.

The Trump Organization won a contract from the federal government to renovate the Old Post office and turn it into a hotel.

But ethics experts called it a symbol of the problems Trump has in separating his private business interests from his job as commander-in-chief. "As a result, he has received (and will continue to receive) "presents" and "emoluments" prohibited by the Foreign and Domestic Emoluments Clauses".