Politics

Trump Releases 2019 Financial Disclosure Showing Declining Hotel Revenue

MONEY ON THE MIND

Revenues at Mar-a-Lago and his D.C. hotel were down, but Trump Doral dollars were up.

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Anna Moneymaker/Pool/Getty

President Donald Trump on Friday released his 2019 financial disclosure forms, which showed decreasing revenue at some of his hotels even before the new coronavirus all but froze the hospitality industry. Revenue at Mar-a-Lago fell to $21.4 million from $22.7 million in 2018, and his Washington, D.C. hotel took in $40.5 million in 2019 versus $40.8 million in 2018. At the Trump Doral golf resort, however, revenue rose from $76 million in 2018 to $77.2 million last year. He also sold a mansion in Beverly Hills for $13.5 million. Rudy Giuliani provided Trump with pro bono legal counseling in 2018 and 2019, and the disclosure related to his services reads, “Mr. Giuliani is not able to estimate the value of that pro bono publico counsel; therefore, the value is unascertainable.” 

Read it at Bloomberg

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