Trump Hotel in DC Braced for a Loss, Got a Windfall

Trump's DC hotel has made $4 million more than his company expected this year

A Hotel Down the Street From the White House Made a Lot of Money This Year

Like most luxury hotels in Washington, D.C., the Trump International offers its guests nice rooms, spa services, a steak house, and other amenities associated with high end hotel service.

The hotel projected a $2.1 million loss during that four-month period.

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 Trump Organization expected the hotel to lose $2 million in the first four months of 2017.

According to The Post, Trump said he turned the hotel over to his sons but still retained ownership rights that allows him to, with time, still profit from the building. The most recent legal challenge to Trump's ownership of the property, filed by the watchdog group Citizens for Responsibility and Ethics in a NY district court on August 4, claimed that "no previous president has come to office with such disregard for conflicts-of-interest principles, or presented remotely the same risk of financial entanglement, foreign and domestic". Rep. Peter DeFazio (D., Ore.) called the arrangement "highly unethical". Before Donald Trump won the presidential election previous year, the Trump Organization estimated the hotel would lose money in 2017 as it invested in growing its start-up hotel and convention business.

"What makes all of this particularly galling is that we now have the unprecedented situation where the President of the United States is both the landlord and tenant of a federal building", he said in a July statement.

Of his 202 days in office, Trump has spent 65 days at his properties, a lot of them at his golf properties.

Trump International visitors have spent $8.2 million on food and drinks so far at the hotel this year, beating expectations by 37.2 percent.

Critics, including government ethics experts and members of Congress, say the president's refusal to divest from his family's sprawling business has created a minefield of conflicts of interests. It posted an occupancy rate of 42.3 percent, compared with almost 70 percent in the industry.

Trump denied there are any ethical issues, though the hotel has become a hot spot for Trump operatives, White House staffers, lobbyists and foreign governments.

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