Trump’s vast properties and businesses – golf courses and hotels, office buildings and residential towers, and licenses to use his name among others services – generated revenue of more than $440 million.
Revenue at the president’s golf club near Miami and at his Bedminster, New Jersey, golf club inched up.
Trump International Hotel in Washington, a magnet for lobbyists and diplomats hoping to curry favor with the administration, took in $40.5 million before its lobby was closed due to the coronavirus and other operations cut back. That is down from $40.8 million in 2018. Mar-a-Lago took in $21.4 million, down from $22.7 million.
Eric Trump, who is running the family business with his brother, Don Jr., said in a statement “2019 was a fantastic year for our country and one of the best years in the history of The Trump Organization.”Congress leaves town without a coronavirus stimulus deal, allowing $600 unemployment benefit to end
The Trump Organization, an umbrella group for his holdings, has struggled with boycotts and business blowback from Trump’s divisive comments and policies for years. The only shift in Trump’s debt was a new lender, the Bryn Mawr Trust Company, a suburban Philadelphia bank which merged in 2017 with Royal Bank America, which had held a Trump debt worth between $5 million and $25 million for Seven Springs, a New York estate owned by the Trump Organization. The debt was due in 2019, but the new creditor extended Trump’s due date to 2029.
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