Friday, August 11, 2017

Why Trump Wanted to Be President: the Profitability Clause

While [Trump’s Washington, D.C.] hotel had projected its average daily room rate would be $416, it ended up charging $660.28 on average from January to April, the Journal reported, citing the financial records. The industry average is $495.91 for comparable hotels, the Journal noted.

The hotel projected a $2.1 million loss during that four-month period. It ended up posting a profit of $1.97 million.


The paper noted the hotel underperformed its own expectations in September and October of last year, before Trump was elected.


The increase in room rates following Trump’s election recalls a similar scenario at Trump’s Mar-a-Lago club in Florida. CNBC reported in January that the club had doubled its initiation fee, from $100,000 to $200,000, at the start of the new year.

...but hey, do what you will anyway.

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