Trump Lost $1.2 Million at Hotel He Should Sell, Democrats Say
- Four lawmakers reveal Trump hotel financials in letter
- Democrats say they obtained information from federal agency
Donald Trump arrives with his family before a ribbon-cutting during the grand opening ceremony of the Trump International Hotel in Washington on Oct. 26, 2016.
President Donald Trump’s Washington hotel lost almost $1.2 million during its first two months of operation, before he was elected president, according to a letter released Monday by four congressional Democrats who say the president is violating the hotel’s lease with the federal government.
Trump’s company had projected $397,000 in net income for September and October, according to the Jan. 23 letter. The lawmakers cited information from the General Services Administration, which oversees government real estate, in a letter to the agency that sought more information. Before the Nov. 8 election, business analysts suggested that the hotel had suffered as Trump lagged Democrat Hillary Clinton in polling.