When then-candidate Donald Trump took time out of the busy 2016 presidential campaign to open his newest hotel in Washington D.C.’s Old Post Office building, he bragged that “my job is to look at undeveloped spaces and imagine what they could be.” It speaks volumes, then, to the former president’s much-vaulted imagination that Trump International Hotel DC has apparently been losing tens of millions of dollars per year ever since.
According to a just-released report from the House Oversight Committee reviewing the Trump Organization’s lease with the federal government for the hotel property, the former-president has seemingly been fudging the numbers when it comes to reporting on the financial health of what was to be the crown jewel of his eponymous hotel chain. All told, while Trump claimed his hotel had made just over $150 million between 2016 and 2020 on his financial disclosure forms, the documents reviewed by the House Oversight Committee show the property actually suffered losses anywhere from $2.5 million to $22 million per year, for a grand total of over $73 million gone during the course of his presidency.
