Trump’s Empire has been hit Hard by Coronavirus Closures, with Revenue from his Washington and Las Vegas Hotels down by more than half.
In his Last Financial Disclosure Form, Trump detailed the Damage the Pandemic has wrought, at a time when many Tourism Businesses are Suffering from a Lack of Travelers.
The Real-Estate Magnate resisted Policies to Slow the Pandemic through Mask-Wearing, and insisted it remained Safe for People to Travel Domestically.
The Financial Disclosure shows:
- Revenue from the Trump Hotel in Washington, which he had been trying to Sell, fell to $15.1 Million from $40.5 Mmillion a year earlier.
- In Vegas, Hotel-related Sales were down to $9.2 Million from $23.3 Million a year earlier.
- The Doral Golf Resort in Miami saw Revenues Drop to $44 million from $77 Million a year earlier.
From Foreign Properties:
- Sales at Trump Turnberry in Scotland, fell to $10 Million from $25.7 Million a year earlier.
- At Trump Doonbeg, in Ireland, revenue dropped to $5 Million from $13.5 Million a year earlier.
- A Property near Aberdeen, Scotland, it plummeted to $1.5 Million from $4.3 Million a year earlier.
Ever since Trump started investing in Europe, he has had remarkably Bad Returns. Before COVID-19 came, he had already spent more than $135 Million at Turnberry but still Managed to lose $61 Million between 2014 and 2019. He had shelled out more than $30 Million at Doonbeg and given up more than $10 Million. And he had Declared Losses of $15.5 Million at Aberdeen.
NYC Wins When Everyone Can Vote! Michael H. Drucker
No comments:
Post a Comment