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Some Trump Hotels revenue disclosed in new filing

According to a 98-page financial-disclosure document released by the federal Office of Government Ethics on Friday, President Trump’s Washington, D.C., hotel recorded revenues of US$20 million from its 2016 opening through this spring.

A Bloomberg report said the form lists at least six new entities as assets that were formed over the past year, including DT Marks Vancouver, for which Trump listed more than US$5 million in royalties, and DT Tower Kolkata LLC, for which he listed royalties of as much as US$1 million. They’re affiliated with Trump-branded developments in Canada and India.

Trump himself disclosed making more than US$528.9 million – a number that appears to mix total revenue with income – over the 15 ½ months, including his first three months as president.

Overall, six Trump properties that the president has visited since taking office brought in roughly US$132.7 million, the disclosure shows. Those include his Mar-a-Lago Club in Palm Beach, Florida, which doubled its members’ annual dues to US$200,000. It generated US$37 million during the reporting period, an increase from the US$30 million that Trump reported last year.

For many of Trump’s properties, specifically golf courses and resorts, Trump lists revenue, rather than income, which Bloomberg said masks their profitability. His companies are required to file annual reports for three golf courses in Ireland and Scotland. Those reports show those three ventures run in the red.

On January 17, 2017, three days before his inauguration, Trump transferred his holdings to a revocable trust managed by his sons, Donald Jr. and Eric, and Allen Weissberg, chief financial officer of the Trump Organization.

Also in January, he resigned from 476 businesses, including companies active in Brazil, Canada and China, according to a document released by the Trump Organization.

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