Trump's prized Doral resort is in steep decline, according to company documents, showing his busines

[demmiblue]

Source: WaPo

Late last year, in a Miami conference room, a consultant for President Trump’s 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 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.”

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]

1. Good! If he isn't in jail I want him penniless

living in a cardboard box under a bridge.

[marble falls]

8. I'm pulling for all three results.

[3Hotdogs]

9. Nah, he deserves better. At least, we can give him three hots and a cot.

After all he's done for our country.

[SummerSnow]

13. Why cardboard, isn't that too good for him. How about construction paper ?

[Delmette2.0]

15. And a foil blanket. There are plenty along the southern border.

[SummerSnow]

29. Foil works.

[mwooldri]

17. For all we know, he might be penniless.

But you know... Those taxes....

[maxrandb]

2. Bet the Saudis book a bunch of rooms soon

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]

3. Super successful businessman

[marble falls]

4. "There is some negative connotation that is associated with the brand." Just like with syphilis.

[Maeve]

5. And "the brand" is all he has going for him!

Popcorn, anyone?

[marble falls]

6. Too bad his basket of deploribles can't afford to stay.

[underpants]

11. His brand is ruined

Other than people seeking his favor. I can’t 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]

21. Oh please.

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]

22. The point is the co-op owners of units in Syphilis Towers are suing to keep their tower ...

from being renamed "Trump Towers".

At the same time time: one never sees Syphilis and Son, Attorney at Law, or Syphilis Motors.

[tanyev]

7. Can't wait to see how far Mar-a-Lago and the D.C. Hotel plummet the second he is out of office.

Tots and pears.

[machoneman]

12. Exactly. His brand is toast at all his properties even those in name only.

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]

19. Yep...the NYC tower is showing 20% loss on units

....and this is NEW YORK CITY Real Estate!!!!

[SummerSnow]

30. Exactly! He's toast here not toast of the town. He's not even admired in his hometown

[Coventina]

32. "Tots and pears"!!! Can I steal that?!??!!

[tanyev]

34. Absolutely! I didn't come up with it.

Google it if you want some graphics.

[MissMillie]

10. Not a problem for him

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]

35. Remember when he said he would donate his Presidential salary?

we know better, by now, don't we?

[IronLionZion]

14. Dude's brand is all he has

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]

16. Why should a loss of income justify a property tax reduction?

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]

23. Exactly this...

Removing ownership from the equation; I find it difficult that a luxury resort is losing property value and/or equity.

[Fresh_Start]

26. totally agree

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]

18. His consultant may well have lied, you know. This is Trump the tax-dodger, the liar, the cheat.

I hope it was no lie, hope he goes bankrupt.

[Thekaspervote]

20. Oh just too f'ing bad!

[tinrobot]

24. The less money his hotels make, the more he'll need Russian and Saudi cash

He'll just suck up to them even more...

[truthisfreedom]

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

Ya think?

[muntrv]

27. Why? Doral serves hamberders?

[riversedge]

28. shucky darns!

[bullwinkle428]

31. As a golfer, I participate on a board with lots of clearly Trump-loving

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]

33. "Negative connotation."

Ya think?