World Health Organization chief 'rethinking' appointment of Robert Mugabe as goodwill ambassador
Former presidents call for unity at hurricane aid concert
TX City Requires That Aid Recipients Do Not Boycott Israel
Congress taunts BJP over Tamil film's GST joke
Egyptian police officers killed in firefight with militants
Trump's DC hotel is raking in cash
12 August 2017, 12:31 | Kara Nash
Trump's DC hotel has made $4 million more than his company expected this year
But the hotel raised its room rates after Trump took office, charging an average of $660.28 per night from January to April and resulting in a sizable profit.
Experts interviewed by The Postsaid that the Trump International Hotel is now the most expensive hotel in Washington - partly because it has become a prestigious meeting ground for high-profile conservative leaders from around the world.
The Trump International Hotel, in the opulently renovated Old Post Office near the National Mall, brought in about $18 million in revenue in the first four months of 2017, in part by charging room rates that were 60 percent higher than what had been planned, according to documents viewed by the Wall Street Journal, which first reported the story.
Trump International Hotel, which sits blocks away from the White House, was expected to lose more than $2 million dollars in its first four months, according to the documents.
The new records bolster concerns about the hotel and the Trump Organization. The Journal states the seemingly obvious: "The fact that hotel rates were substantially above the budgeted amount and above area rates indicates that Mr. Trump's presidency likely played a role in the performance". Because Trump did not fully divest from his businesses, he still benefits financially from the hotel, which ethics groups have suggested leaves him open to major conflicts of interest, including bribery. Rep. Peter DeFazio (D., Ore.) called the arrangement "highly unethical".
The Washington D.C. hotel owned by the Trump family wasn't supposed to be making money so soon after opening its doors in September, but its connection to the president and its proximity to the White House and Capitol Hill have given the property a healthy boost to its bottom line.
Critics of the president believe this is proof that Trump is profiting from the presidency. Hm, how might the Trump International Hotel have pulled that one off?
Even though the hotel is rarely occupied, as in an average of 42% of rooms are unoccupied, its still managed to post an enormous profit.
The hotel files its financial records every month to the General Services Administration, which oversees the Trump Organization's lease.
Trudeau confirms pastor's release from North Korea
There was no clear connection between the release of Hyeon Soo Lim and the heightened rhetoric between Washington and Pyongyang . Lim's own health was of concern to his family members, who had said the pastor needed medication to manage his blood pressure.
Iranian Drone Buzzes US Fighter Jet Over Persian Gulf
Naval Forces Central Command said that the small drone's actions were risky and failed to follow global maritime laws and customs. The US used an emergency radio frequency in the immediate area to warn those operating the drone to back away.
DJ Fires Back At Taylor Swift During Sexual Assault Trial
A jury is expected to be seated soon in Taylor Swift's civil trial involving a groping allegation against a former DJ. Mueller claims in his lawsuit that he is being falsely accused by Swift and he was sacked over her allegation.
It's official! Spotify Xbox One app officially launches
It continues playing when you return to your game via the Xbox menu. "And of course, don't forget to tell us what you think". Like the PS4 version, Spotify Connect will allow users to control music playback through their phones, tablet or laptop.
Rajya Sabha elections: Touch and go for Congress's Ahmed Patel
NCP legislator Kandhal Jadeja announced that the party has chose to support Bharatiya Janata Party. "I don't want to expose it". But after Congress leaders approached it again and persevered, after high drama, the EC declared the two votes as invalid.