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How Are Trump Hotels Doing

Win: The Trumps Connecticut Marital Home Bought In 1982

Bathrobe Not Washed Between Guests at Trump’s Newest Hotel, Investigation Finds

Before he became the 45th president of the United States, and even before his 14-series stint as host of The Apprentice, Donald Trumps name was already synonymous with big money and lavish property. Trump bought this mansion in Greenwich, Connecticut in 1982 for his then-wife, Ivana, and their two children for a reported $4 million .

Win Or Loss Le Chteau Des Palmiers Currently On The Market

Described as one of the greatest mansions in the world by Donald Trump when he bought it in 2013, Le Château des Palmiers is an elaborately adorned villa perched on 4.8 acres of Plum Bay beachfront on the French West Indies island of St. Martin. Between 2014 and mid-2016 the 11-bedroom beachside abode earned Trump between $200,000 and $2 million in rental fees, but he decided to put it up for sale in the first half of 2017 for $28 million .

Win Or Loss Westchester Estate Bought In 1996

Next on Donald Trumps list of acquisitions is this majestic property in Westchester, which Trump bought for a reported $7.5 million in 1996. The Seven Springs estate brought another golf club-shaped twinkle to the property moguls eye, and he planned to convert the 230-acre estate into another Trump-branded course for the rich and famous.

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Loss: Trump Marina Hotel Casino Opened In 1985

Trump Marina Hotel Casino paints a very similar picture. After welcoming throngs of gamblers in the 1980s under the name of Trumps Castle, and then later rebranding as Trump Marina Hotel Casino, the business started to flail as much-needed funds went elsewhere. Along with the Trump Plaza and Taj Mahal casinos, Trump Marina landed their owner in multiple bankruptcy courts.

Win: 40 Wall Street Bought In 1995

Donald Trump Jr. On The Record: Why Trump International Hotels And ...

In 1995 Donald Trump brokered a deal to take over the 1.3 million square-feet of office space that make up 40 Wall Street, and he described the transaction as one of his favourite deals in his 2008 book Never Give Up. Its a no-brainer as to why. Trump bought the leasehold to this landmark address for just $1 million and 20 years later Bloombergvalued that same leasehold at a staggering $550 million . Not to mention the fact that the 72-storey building was generating up to $30 million in rent each year, according to the media company.

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Loss: Greek Revival Property In Beverly Hills Sold In 2009

Trump flipped the North Rodeo Drive house in Beverly Hills just a year later for $9.5 million , making a loss of $850,000 . Before it was briefly owned by the Trumps, the pristine mansion had belonged to Omar Bongo, the former President of Gabon, for decades. 10 years after selling his Beverly Hills pad, Donald Trump had upgraded to another building known for its imitation Greek architecture the White House.

Where Style And Luxury Meet Miami’s Most Legendary Golf Resort

Instantly iconic when it opened in the 1960s, Doral’s legendary golf resort was much lauded and frequented by celebrities and moguls of the time. More than 50 years later, Trump National Doral Miami offers a new generation of style, service, and exclusivity infused with the Trump standard of excellence. With a staggering four championship golf courses, including the legendary Blue Monster, a luxurious 48,000 sq. ft. spa, brand new Har-Tru tennis courts, a Royal Palm Pool with 18 private cabanas and a 125 foot slide, and more, the resort sets the standard in luxury getaways.

  • AAA Four-Diamond Hotel Award 2013 – 2019
  • Signature Restaurant, BLT Prime
  • Home of The Famed Blue Monster
  • Royal Palm Pool Oasis
  • 725 Fifth Avenue New York, NY 10022

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Pool Surrounded By Loungers 24

Most of Trump International Hotel Las Vegas amenities are included in its pricey resort fee. The property’s most striking feature is its seventh floor, 110-foot long freshwater pool. There are shallow areas with in-pool loungers at both ends, and it’s also surrounded by tightly-packed lounge chairs, daybeds, and cabanas. The hotel charges a fee to use the daybeds and cabanas, and there are no real views from the pool. A free water station is situated next to pricey Trump hats, and there’s poolside snack bar serving sandwiches and finger foods. DJT is the propertys fine-dining eatery, with an American menu and happy hour food-and-drink specials. Food at both dining outlets gets only mixed reviews from previous guests.

The Former President Is Stuck With A Money

See what has happened to Trump’s DC hotel after his loss

For three years, the lobby of the Trump International Hotel Washington, D.C., was the hedonistic center of the MAGA-verse. The room glittered with chandeliers and the flashes of sabers slicing open Champagne bottles . Trumpworld luminaries like Corey Lewandowski and Sebastian Gorka schmoozed bar-side with established D.C. power brokers. Republican politicians on their way to backroom fundraisers stopped for selfies with star-struck customers swigging $9 Bud Lights. Proud Boys chatted up top presidential advisers.

Once, pictures from the hotel lobby showed Trump Cabinet members, foreign leaders, compliant GOP lawmakers, CEOs, lobbyists, Hill staffers, and the MAGA faithful.

Zach Everson May 1, 2018

But for almost a year now, this playground has been largely vacant, barstools unoccupied like a swing swaying in the breeze. These days, the images from the hotel that youll encounter on social media reveal still lifes of unsold booze or masked staffers celebrating their birthdays:

Trump Hotel, DC – Looks like they drained the swamp

Jane Mayer

So like a boot left abandoned in the gooey muck of swamp bottom, the Trump International Hotel is sticking around D.C. Its a fitting monument to the former president, his cult of personality, and the culture of graft that defined his Washington.

Titanic

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Follow The Paper Trail

According to President Trumps July 2015 financial disclosurewhich was not verified by regulators and therefore may not include all of his foreign deals or assetsTrump owned, had ownership interest in, or was a managing member of several companies related to potential business in China, including the following:

  • THC China Development LLC, president
  • Value: $100,001 to $250,000
  • Income amount: None
  • THC China Development Management Corp., chairman, director, president
  • THC China Technical Services LLC, member, president
  • THC China Technical Services Manager Corp., chairman, director, president
  • THC Services Shenzen LLC, member, president
  • THC Services Shenzen Member Corp., chairman, director, president
  • THC Shenzen Hotel Manager LLC, member, president
  • THC Shenzen Hotel Manager Member Corp., chairman, director, president
  • According to President Trumps May 2016 financial disclosurewhich also was not verified by regulators and therefore may not include all of his foreign deals or assetsTrump owned, had ownership interest in, or was a managing member of several companies related to potential business in China, including the following:

    • China Trademark LLC, member, president
    • THC China Development LLC, president
    • Value: $1,001 to $15,000

    Loss: Trump Plaza Casino And Hotel Opened In 1984

    In 1984 Donald Trump opened the Trump Plaza Casino and Hotel, which would become the pièce de resistance of his sprawling Atlantic City empire in New Jersey. Building and decorating costs for the 32-storey Plaza added up to around $210 million most of which was funded through loans. The real trouble began when Trump started pouring money into new ventures such as the Trump Taj Mahal, instead of existing casinos like the Plaza, and just one year later, his mountain of debt had ballooned to an eye-watering $3 billion .

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    What Is Trump’s Net Worth

    Trump has a net worth of $2.5billion, according to Forbes.

    He became the first billionaire president when he inaugurated in January of 2017.

    The core of his fortune is tied up in buildings in and around midtown Manhattan, according to Forbes.

    Sons Donald Jr and Eric are running the family business while Trump serves in public office.

    Loss: Turnberry Golf Course Bought In 2014

    Trump Hotel Las Vegas

    In 2014, Donald Trump confirmed he had purchased the Turnberry Golf Resort in Scotland. Trump paid $65 million for the entire South Ayrshire complex, including its hotel, and then spent a further $80 million decorating it to his taste. Taking on the esteemed golf course was no hole in one though, as Turnberry lost $23 million in 2016, raising questions as to whether the site would be able to pay back the $300 million owed in investment, let alone turn a profit.

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    Win: Trump Park Avenue Sold In 2017

    The 2017 sale of the penthouse was controversial as the buyer, Angela Chen, was rumoured to have ties to Chinese military intelligence. The deal was a solid sale for the Trumps though, as Chen paid an enormous $15.9 million for the luxury penthouse. The final price is even more staggering when compared to the virtually identical penthouse just one floor down, which sold for almost $2 million less in 2016. The apartment was one of 18 salubrious Park Avenue residences belonging to the Trump family.

    Win: Trump Tower Opened In 1983

    Perhaps Donald Trumps best-known addition to the soaring Manhattan skyline, Trump Tower was the epitome of eighties excess when its 58 storeys opened in 1983. The opulent high-rise featured fine dining eateries, high-end retailers and luxury residences, and in 1987 Trump claimed the Tower had already generated $240 million from apartment sales alone. Floors 66 to 68 make up Trumps personal triplex penthouse apartment, which has an estimated value of $64 million . The size of the apartment has been a contentious issue financial statements in 2017 confirmed the space added up to almost 11,000 square feet, despite Trump himself having previously claimed it was 30,000 square feet in size.

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    Win Or Loss Trump International Tower Chicago Opened In 2009

    Built to the tune of $73 million between 2005 and 2009, Trump International Tower Chicago was set to be the tallest building in the world, but plans were altered following the attacks on 11 September 2001. That said, the building isnt exactly a wallflower at 98 storeys, and the newest 5-star addition to the Trump Tower line-up was named Travel+Leisures best large city hotel in North America in 2010.

    Loss: Trump Tower Tampa Bankrupt In 2008

    Trump Hotel in D.C. sold for $375 million

    Donald Trump heralded Trump Tower Tampa as a property that would redefine both Tampas skyline and the markets expectations of luxury when construction work was announced in 2005. Set to be a 52-storey riverside apartment block, locals were quick to put down deposits on the yet-to-be-built residences bearing the Trump name. Yet, over the next couple of years, it transpired that it was only Trumps name and not his money or business acumen that was linked to the project.

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    Win: A Second Palm Beach Mansion Bought In 2018

    Why have one gorgeous beach-front home in the Sunshine State when you can have two? This stunning seaside residence was reportedly bought by a company owned by the Trump family for just short of $18.3 million in 2018. Neighbouring Mar-a-Lago, the property at 1125 S. Ocean Boulevard had belonged to Donald Trumps sister, retired judge Maryanne Trump Barry, and its safe to say its since become quite the family money-spinner.

    Luxury Reimagined History Reawakened

    In 2012, The Trump Organization was selected by the General Services Administration to redevelop the Nation’s Old Post Office in one of the most competitive selection processes in the history of the agency. Over twenty of the top hotel companies in the world bid on the project, and The Trump Organization was awarded the job based on the strength of Trump development capabilities, financial wherewithal, vision for the property, and dedication to the preservation of the historic structure. In just three years, The Trump Organizations development team transformed the Old Post Office into one of the finest hotels anywhere in the world. Under their leadership, the property received the coveted Forbes Five-Star designation, making it the only Forbes Five-Star Hotel in all of downtown Washington D.C. and in 2022 became the only hotel in all of Washington D.C. with a Five-Star Hotel and Spa. The Hotels success is a true testament to the Trump brand and its unwavering commitment to excellence.The Trump Organization announced on May 11, 2022 the record-breaking sale of the Trump International Hotel, Washington D.C. to CGI Merchant Group, who will rebrand the hotel as a Waldorf Astoria. The transaction marks the highest price per key ever achieved in Washington D.C., the highest price per key in U.S. history for a leasehold interest, and the largest sale of a historic hotel in over 15 years.

    • 725 Fifth Avenue New York, NY 10022

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    Generically Handsome Style With Velvety Couches Lots Of Built

    Trump International Hotels air-conditioned rooms are attractive, though fairly generic for a self-proclaimed luxury property. Sure, there’s marble and wood in spades, but some of the furniture feels cheap or tired, and details like abstract wall art could be in any Marriott around the world. Expect extensive sets of built-in wood closets, tan wallpapered walls, and glass shelves adorned with art books and stylish knickknacks. Beds are either one king or two queens, and all rooms have sitting areas with velvety arm chairs and sleeper sofas. Kitchenettes are a nice plus and — while small — are impressively outfitted with Sub-Zero mini-fridges, two-burner ranges, microwaves, toasters, tea kettles, and Keurig coffeemakers with free coffee pods. Sink even have garbage disposals.

    Trump Dc Hotel Incurred More Than $70 Million In Losses While Trump Was President Documents Show

    Trump Entertainment Resorts Installs Rainmaker Group revolution (sm ...

    Former President Donald Trump racked up more than $70 million in losses over a four-year period from his Washington, DC, hotel, while publicly claiming that the hotel was making more than tens of millions of dollars, accordingtodocuments released by the House Oversight Committee.

    The documents also show the hotel received millions from foreign governments in payments and loan deferral, which Trump did not disclose, raising questions about potential conflicts of interest during his presidency.

    Its the first time that congressional investigators have reviewed and released details of the former presidents financial information, though the Trump Organization on Friday challenged the committees understanding of accounting and denied any wrongdoing. The Manhattan district attorney and New York attorney general investigators have reviewed Trumps financials, but none of that has been made public.

    Trumps revenue from the Trump International Hotel reported in public financial disclosures dating from 2016 to 2020 totaled more than $156 million, the committee said an updated report.

    But in that four-year period, Trumps DC hotel actually suffered a net loss of more than $70 million while he was president and had to be loaned more than $27 million from one of Trumps holding companies, DJT Holdings LLC, from 2017 to 2020, according to hotel financial statements the committee obtained.

    CNN has reached out to the GSA and the House Oversight Committee for comment.

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    Loss: Trump International Golf Links Aberdeen Bought In 2006

    Donald Trump has strong ties to Scotland, with his mother having emigrated from the country to the United States in 1930. The real estate tycoon snapped up land in Balmedie, Aberdeenshire almost 80 years later, and converted the 1,400-acre plot into his smallest golf resort. But business was never really booming, even pre-pandemic.

    A Model Brother Figure

    The hotel became known as a sumptuous swamp where Trump loyalists like Stephen Miller and Rudy Giuliani could mingle with lobbyists and visiting diplomats hoping to curry favor with the administration. But what about the younger, scrappier MAGA crowd whose scene was more Fireball than fine spoon-wine? Well, instead of shelling out for the Benjamin Bars cheapest cocktail , they took over the dive-y, 78 year-old Harrys Bar at the nearby Hotel Harrington. It was a perfect fit, like a Trump meet-cute: a bunch of white people with no regard for Covid safety and an apparent fondness for the Jim Crow Era meet a bar run by a bunch of white people with no regard for Covid safety thats from the Jim Crow Era! Dont worry, only four people were stabbed.

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    China Spots An Easy Mark

    Before becoming the 45th president, Donald Trumps efforts to develop businesses in China were most notable for their failures. A 2008 deal with the Chinese Evergrande Group to develop an office complex never came to fruition, and a 2012 deal with the electric utility State Grid Corporation of China to develop property in Beijing fell apart after State Grid was found to have been illegally using public land for the project. In October 2016, Chinese news media quoted Trump Hotelsformerly Trump Hotel CollectionsCEO Eric Danziger telling attendees of a hospitality conference in Hong Kong that the group was still planning to open Trump hotels in 20 to 30 Chinese cities, as well as Scionthe brand Trumps sons are planning to expandhotels in other cities. These comments showed a remarkable level of ambition given Trumps stalled efforts in China up to that time.

    Indeed, Trump had tried for more than a decade to register trademarks in China to provide construction-information, essentially real estate agent, services in that country, only to be met with a series of unsuccessful rulings and appeals. Since 2005, Trump has applied for at least 130 trademarks in China, all of whichuntil recentlywere met with zero success.

    See Also

    Trumps Conflicts of Interest

    Carolyn Kenney, John Norris

    And the web of conflicts and Chinese influence on Donald Trump and the Trump family extends well beyond the longstanding trademarks issue.

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