Monday, 11 December, 2017

Spike In Rates At Trump DC Hotel Helped Reverse Expected Losses

Donald Trump Donald Trump
Andrew Cummings | 12 August, 2017, 00:30

But the hotel raised its room rates after Trump took office, charging an average of $660.28 per night from January to April and resulting in a sizable profit. Nightly rates at competing luxury hotels like the Hay-Adams and the Four Seasons hover around a measly $495.

The Trump International Hotel has made $18 million in total, far exceeding expectations of the organization, according to the Wall Street Journal. The Washington Post reports that the Trump Organization turned a $1.97 million profit on the business in the first four months of 2017, which is $4.1 million more than $2.1 million loss the company projected.

"The Trump International is, if not the, then one of the top rate-getters in the city", Marc Magazine, an executive at the real estate firm Savills Studley told the Post, which cited data from the U.S. General Services Administration, the building's public landlord, on Friday. The hotel had projected its average daily rate would be $416, the Journal reported. It posted an occupancy rate of 42.3 percent, compared with almost 70 percent in the industry.

Russian jet buzzes Trump golf club's restricted skies in Bedminster, reports say
On the Russian territory, a joint mission under the Open Skies Treaty was conducted jointly by the United Kingdom and Norway. According to the official, Russian Federation had given the mandatory 72-hour notice before the flight.

Havana to investigate 'symptoms' found on US Diplomats
Cuba's Ministry of Foreign Affairs issued a statement Wednesday night, saying it was informed of the alleged incidents by the U.S. Some U.S. diplomats in Cuba may have been intentionally deafened since late 2016, officials told the Associated Press and CNN .

Stephen Colbert Promises 'Front-Stabbing' During Anthony Scaramucci Interview
Scaramucci was the latest casualty of the Trump administration when he was sacked from his position after only 10 days. On Sunday, he'll speak to George Stephanopoulos‏ on This Week, followed by a Monday visit to the Late Show .

In November, a Chinese diplomat told the Washington Post: "Why wouldn't I stay at his hotel blocks from the White House, so I can tell the new president, 'I love your new hotel!' Isn't it rude to come to his city and say, 'I am staying at your competitor?' " While only a few months ago, Saudi lobbyists spent around $270,000 in accommodation and catering fees for US veterans who the firm retained as part of a campaign to influence politicians. Because the gods apparently wanted to make the Trump family's potential conflicts abundantly clear this week, it was also reported yesterday that Ivanka's fashion brand-from which she has taken a leave of absence and put into a trust (held in part by her brother-in-law Josh Kushner, whom she can ask about it at her leisure)-will be opening its first stand-alone store at, you'll never guess, New York's Trump Tower.

Critics of the president believe this is proof that Trump is profiting from the presidency.

Situated between the White House and Capitol Hill, Trump International Hotel is located in the converted 119-year-old Old Post Office Pavilion, a historic Romanesque building and clock tower owned by the federal government.

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