While He Was in Office, Donald Trump’s Washington DC Hotel Lost $74 Million

Shortly before becoming the 45th President, Donald Trump opened a hotel in Washington DC. The former president was incredibly unpopular in the city. And the hotel was not well received. In fact, the travel group Luxury Travel Intelligence ranked it as the 3rd worst hotel in the entire world.

TOPSHOT – US President Donald Trump attends the National Prayer Breakfast at a hotel in Washington, DC on February 8, 2018. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

But there were some benefits for the former president. The business became sort of a ground zero for Trump loyalists living in Washington DC. Supporters made a point of staying there and many young Conservatives attended happy hour on a regular basis.

That doesn’t seem to have been enough to save the business, though. According to a new report from the House Oversight Committee, the hotel lost $74 million while he was in office.

The New York Times Eric Lipton tweeted, “Trump International Hotel in DC–despite all the big bar tabs from lobbyists/White House officials/foreign dignitaries, supporters of Trump and RUDY Giuliani, of course–lost an estimated $74 million between 2016 and 2020, according to data collected by House Oversight Committee.”

Lipton continued, “House Oversight is investigating the lease by the federal government of the Old Post Office building to Trump for this hotel. Trump had reported total revenue from the hotel in his annual financial disclosures. We always knew that as reporters. It was not PROFITS.”

Follow Us On: Facebook and Twitter