Trump’s prized Doral resort is in steep decline ............

Sofia

Such a "successful" businessman.

LOL

Will he try and bail himself out? Some sort of socialist entitlement?

Trump’s prized Doral resort is in steep decline, according to company documents, showing his business problems are mounting

At Doral, which Trump has listed in federal disclosures as his biggest moneymaker hotel, room rates, banquets, golf and overall revenue were all down since 2015. In two years, the resort’s net operating income — a key figure, representing the amount left over after expenses are paid — had fallen by 69 percent.

Even in a vigorous economy, the property was missing the Trump Organization’s internal business targets; for instance, the club expected to take in $85 million in revenue in 2017 but took in just $75 million.

“They are severely underperforming” other resorts in the area, tax consultant Jessica Vachiratevanurak told a Miami-Dade County official in a bid to lower the property’s tax bill. The reason, she said: “There is some negative connotation that is associated with the brand.”

The troubles at Trump Doral — detailed here for the first time, based on documents and video obtained under Florida’s public-records law — suggest the Trump Organization’s problems are bigger than previously known. This is also the first known case in which a Trump Organization representative has publicly acknowledged the president’s name has hurt business.

The decline at Doral is especially significant because the resort had seemed better insulated from political backlash than other Trump properties, protected by its place in golf’s history, by its recent renovations, and by its location in a booming state that Trump won in 2016.

It wasn’t.

Eric Trump — the president’s son who runs the business day-to-day ................

The statistics provided by the company’s consultants to Miami-Dade County — which are legally required to be accurate — showed competing resorts in the same region of Florida still outperformed the Trump resort in the key metrics of room occupancy and average room rate.

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JodiK

Someone must have stopped giving him money to launder through that particular business.

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freeshoesfsu

Only foreign despots stay at trump properties

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how2girl

It’s very tacky looking, faux Italian fountains, gold, gold, gold, very Trumpian.

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HU9999

There is some negative connotation that is associated with the brand.

Ha! The understatement of the year!

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Joaniepoanie

Becoming president is the worst thing that has ever happened to him......the irony is delicious.

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elvis

So book a room, help him out.

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Joaniepoanie

I wouldn't step foot on any of his properties and I would wager that a majority of his supporters couldn't afford a room at any of his hotels, probably not even a hamberder.

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Sofia

So book a room, help him out.

Yuk, Trump resorts have a lot of health and safety violations.

You book a room and help him out, he's your hero.

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clearwaters

Add to that, about 44,000 square feet of office space in Trump Tower, NYC are empty. And......condos in the building are being sold at 20 to 30 thousand below asking.

Makes my heart sing!!!

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JodiK

Trump's chosen business types are all known money laundering enterprises.


You couldn't make me stay at one of his hotels if you paid me. Hard pass.

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HU9999

So book a room, help him out.

Nope, sorry. Integrity keeps me from giving money to a morally bankrupt con man.

I guess that's not an issue for you?

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elvis

clearwaters

Add to that, about 44,000 square feet of office space in Trump Tower, NYC are empty. And......condos in the building are being sold at 20 to 30 thousand below asking.

Makes my heart sing!!!

Yikes. That's telling, some might say it's indicative of mean tendencies. Too bad!

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sheesh(5b)

Not many people meaner than Trump.

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HU9999

Trump supporter logic -

Being happy that an awful person who cares for nobody but himself, has harmed many people in his business dealings, has policies that rip children from their parent's arms (hey, but they're brown so who cares!), is a conman and a cheat, called for the execution of 5 innocent black men, called White Supremacists fine people, isn't doing so well in his businesses makes one a meanie!

But doing all those things does not make one a meanie. In fact, it somehow causes adulation.

Thank goodness I am not able to understand that logic.

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Sofia

Since Trump took office, the occupancy rate for the skyscraper has steadily dropped, from nearly maximum capacity to just 83 percent in two years, according to Bloomberg, which is twice the vacancy average for Manhattan. Some units are still going for just shy of $2 million, but most of them are still being sold at a loss, some as steep as 20 percent. It could have something to do with the fortification of the building, now surrounded by concrete barriers, and of its allegedly public atrium being overrun with vendors selling official Trump branded merchandise. But, as one resident told Bloomberg, "the name on the building became a problem."

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