President Donald Trump’s income from his hotels, resorts, and golf clubs declined substantially last year, according to newly filed financial disclosure forms.
Trump brought in about $352 million from thirty companies last year that own or manage those properties, down from nearly $387 million in 2017. That included seven-figure drops in income at some iconic Trump resorts. His Mar-a-Lago club brought in about $2.5 million less than it did in 2017. Income from the Trump National Golf Club in Los Angeles dropped by roughly $3 million. And the Trump Organization’s hotel management arm saw its income plummet by nearly $16 million, though its numbers for 2018 were more in line with those prior to Trump assuming the presidency.
Other Trump properties fared better. His Doral resort in Miami hiked its income by about $2.2 million in spite of internal concerns about declining residency reported by the Washington Post this week. Trump Turnberry, a golf resort in Scotland, saw income increase by $3 million. Trump’s hotel at Washington’s Old Post Office, just blocks from the White House, maintained an income of just over $40 million, second only to Doral in total income among the properties examined. And the company that manages Trump’s golf club in Dubai more than doubled its income, though it was still a small portion of the resort portfolio.
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