After the President Trump inauguration, the left tried to boycott his business and to harm his family financially.
However, it has happened quite the opposite-the Trump organization, especially his new hotel, experienced flourishing.
According to the newly released figures, the Trump International Hotel in Washington, D.C. had blown previous expectations out of the water, it gain profit of almost $2 million in 2017.
According to the Washington Post, the Trump Organization initially thought the hotel is likely to lose $2.1 million in the first four months of 2017. However, the data showed that the hotel has gained profit of $1.97 million.
The Washington Post noted that the documents from the General Services Administration showed that the guests have spent an average of $652.98 per night to stay in the hotel, including room fees and expenditures at the hotel bar and restaurant. That figure beat the company’s goal by 57 percent.
The hotel hosted a number of people and groups from both and outside the Trump administration who requested a place to stay in the city or to hold a meeting or larger event.
President Trump was accused due to his alleged attempt of making money off his presidency by way of the properties his company owns around the world. Since Trump took in office, he visited some of the golf courses he owns, and he stayed at his Mar-a-Lago resort on multiple weekends earlier this year.
Bloomberg reported in June that Trump’s net worth has fallen from $3 billion to $2.9 billion in the last year, mostly due to the underperformance of the office properties he owns.