Trump's prized Doral resort is in steep decline, according to company documents, showing his busines
Source: WaPo
Late last year, in a Miami conference room, a consultant for President Trumps company said business at his prized 643-room Doral resort was in sharp decline.
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 resorts 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 Organizations 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 propertys tax bill. The reason, she said: There is some negative connotation that is associated with the brand.
Read more: https://www.washingtonpost.com/politics/trumps-prized-doral-resort-is-in-steep-decline-according-to-company-documents-showing-his-business-problems-are-mounting/2019/05/14/03cc701a-6b54-11e9-be3a-33217240a539_story.html?tid=ss_tw&utm_term=.8e9f294eb581
Phoenix61
(17,021 posts)living in a cardboard box under a bridge.
marble falls
(57,355 posts)3Hotdogs
(12,439 posts)After all he's done for our country.
SummerSnow
(12,608 posts)Delmette2.0
(4,174 posts)SummerSnow
(12,608 posts)mwooldri
(10,303 posts)But you know... Those taxes....
maxrandb
(15,364 posts)Probably also time for Doral to host a summit of some sort with a shit ton of secret service and alcohol invoices.
Just watch...it will happen
keithbvadu2
(36,962 posts)marble falls
(57,355 posts)Maeve
(42,297 posts)Popcorn, anyone?
marble falls
(57,355 posts)underpants
(182,950 posts)Other than people seeking his favor. I cant image organizations, of the size who could do business there, wanting anything to do with his name from a PR or recruitment stand point.
jmowreader
(50,567 posts)Anyone here would much rather have syphilis than Trump. It's fun to catch. It's reasonably easy to get rid of. And if you have it cured in time, it won't affect your life much...one shot in the ass and ten days with no beer, and you're done.
Trump is a different story.
marble falls
(57,355 posts)from being renamed "Trump Towers".
At the same time time: one never sees Syphilis and Son, Attorney at Law, or Syphilis Motors.
tanyev
(42,636 posts)Tots and pears.
machoneman
(4,014 posts)Last edited Wed May 15, 2019, 09:31 AM - Edit history (1)
Another story this week highlighted plummeting prices and ownership at Trump Tower in NYC. Agree that once out of office, all his crappy places will take an even bigger nosedive.
sdfernando
(4,947 posts)....and this is NEW YORK CITY Real Estate!!!!
SummerSnow
(12,608 posts)Coventina
(27,215 posts)tanyev
(42,636 posts)Google it if you want some graphics.
MissMillie
(38,587 posts)He'll just file for bankruptcy (again), avoid paying his employees or honoring their pensions, and write the whole thing off to avoid paying taxes.
dixiegrrrrl
(60,010 posts)we know better, by now, don't we?
IronLionZion
(45,563 posts)his assets and cash flow are not as much as he claims. He claims his name is worth billions.
Only the dumbest Trump supporters would waste money at his trashy rip off hotels.
Delmette2.0
(4,174 posts)Aside from the fact that they probably can't afford to pay the property tax.
The property has not lost value, just the name over the door.
EarthFirst
(2,905 posts)Removing ownership from the equation; I find it difficult that a luxury resort is losing property value and/or equity.
Fresh_Start
(11,330 posts)if a property has terrible management, it should be forced out of business or forced to sell..
it should not be subsidized by the taxpayer
Shrike47
(6,913 posts)I hope it was no lie, hope he goes bankrupt.
Thekaspervote
(32,809 posts)tinrobot
(10,926 posts)He'll just suck up to them even more...
truthisfreedom
(23,159 posts)Ya think?
muntrv
(14,505 posts)riversedge
(70,350 posts)bullwinkle428
(20,631 posts)upper-middle class older white fellow golfers. Although openly political discussion is strictly banned, I've no doubt many of these assclowns would blame the "deep state" for the plummeting state of the Doral property!
dchill
(38,562 posts)Ya think?