Loan payments loom as Trump fights for his political future - and the future of his business
At President Trumps hotel in Chicago, the most recent board meeting began with bad news. This years numbers were awful. Revenue had plunged. The hotel was just 24?percent occupied.
And worse: The hotel expected next year to be bad, too.
In fact, the hotels managing director, Gabriel Constantin, said the coronavirus pandemic had hurt the Trump hotel so deeply reducing business travel and forcing the cancellation of Chicago conferences that it might be nine years before their business returned to 2019 levels.
The most optimistic [date] would be 2024, Constantin said, according to an account of the meeting obtained by The Washington Post. He had a warning about the hotels future, if the pandemics economic effects didnt ease: Its going to be very, very tough to keep the boat afloat.
https://www.washingtonpost.com/politics/trump-debt-election/2020/10/23/411ab8c2-0e33-11eb-b1e8-16b59b92b36d_story.html