Business Donald Trump Economics

Trump’s Washington, DC Hotel Is Facing Financial Collapse: Report

After the Supreme Court ordered Donald Trump’s tax returns handed over to the Manhattan district attorney’s office on Monday, the failed former president may have thought the news couldn’t possibly get any worse for him. But he was wrong.

Trump’s hotel in Washington, D.C. is also facing complete financial collapse, according to a report from CNN, with correspondent Brian Todd noting:

“It wasn’t that long ago the Trump International Hotel was buzzing, but tonight there are serious questions about its future. With Donald Trump out of office, there now seems to be little to attract guests to his gilded hotel.”

The Trump International Hotel was formerly the Old Post Office Building before Trump purchased and renovated it prior to taking office in 2016. But Todd said the coronavirus pandemic has been a big blow to the D.C. hotel bearing the Trump name:

“Despite its ornate lobby, the Trump International Hotel, like other high-end locations, has been ravaged by COVID. On a recent weekend evening, a CNN employee who shot this video saw decent crowds in the lounge and at the steakhouse, but few people staying in the hotel. The next day during a weekend brunch period, our employee observed the lobby area was lifeless. Scenes consistent with the view from the editor of a newsletter who has kept close track of Trump hotels.”

Todd visited the Trump D.C. hotel and said it appeared almost deserted:

“During our recent visit, a staffer noted it’s normal to have a slowdown at this time of year, but also said because of everything going on it had in a different time. A different time from the days just before Donald Trump was elected president, the Trump International opened, touted as a crown jewel in his real estate empire.”

The entire Trump Organization is facing a severe downturn its revenues, and there are even rumors that Trump’s company could be on the verge of a fiscal meltdown, especially now that no banks will loan him money and no businesses want to be associated with him in anyway.

Looks like karma is finally starting to take a nasty bite out of Donald Trump.

Here’s the video from CNN:


By Andrew Bradford

Proud progressive journalist and political adviser living behind enemy lines in Red America.

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