Running / Golf / Donald Trump

Revenue at Trump hotels, resorts hit hard by pandemic

Posted On: Mar 1, 2021   |   Posted By: My Sanantonio

NEW YORK - Donald Trump is returning to a family business ravaged by pandemic shutdowns and restrictions, with revenue plunging more than 40 percent at his Doral golf property, his Washington hotel and both his Scottish resorts.
Trump's financial disclosure released as he left office this week was just the latest bad news for his financial empire after banks, real estate brokerages and golf organizations announced they were cutting ties with his company following the storming of the Capitol this month by his political supporters.
The disclosure showed sizable debt facing the company of more than $300 million, much of it coming due in the next four years and a major bright spot: Revenue at his Mar-a-Lago resort in Palm Beach, Florida, his new post-presidency home rose by a few million dollars.
Eric Trump, who with Donald Trump Jr. has run the Trump Organization the past four years, told The Associated Press in an interview Thursday that the disclosure doesn't tell the whole story, calling the debt...

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