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A Better Year for Trump’s Family Business (Last Year, That Is)

  • August 01, 2020

Results were mixed once again last year, according to the disclosure statement.

Revenues grew about 2 percent at both the North Carolina club, and at Trump National Doral Miami, the company’s biggest money generator. The resort, which includes a hotel and four golf courses, had been particularly stung by the divide over the president’s politics, as revenues sagged after his election. Another golf club, at Bedminster, N.J. — which Mr. Trump often visits during the summer — saw revenues rise by 12.6 percent, while his club in Jupiter, Fla., was up 11.9 percent.

But at Mar-a-Lago, in Palm Beach, Fla., where Mr. Trump often spends time during the winter months, revenues were $21.4 million, down 5.5 percent from 2018, continuing a downward trend from 2017.

At the Trump International Hotel in Washington, just blocks from the White House, revenues were $40.5 million, falling just shy of 1 percent from 2018.

Article source: https://www.nytimes.com/2020/07/31/business/trump-financial-disclosure.html

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