Print Edition - 2017-08-13 | MONEY
Trump Int’l Hotel sees strong profits
Aug 13, 2017-The Trump International Hotel, US President Donald Trump’s hotel in Washington D.C., saw strong profit in the first four months of 2017, according to financial documents reviewed by the Wall Street Journal.
The Trump Organisation signed a contract in 2013 with the federal government to lease the historic post office on Pennsylvania Avenue and renovate it into a luxury hotel. The hotel held a grand opening ceremony in October last year, less than two weeks before the 2016 US presidential election.
Trump has said he won’t be involved in running his business after taking office as the president in January this year, and he has relinquished leadership and management of the Trump Organisation to his two adult sons and the organisation’s chief financial officer.
Published: 13-08-2017 09:03