Spike In Rates At Trump DC Hotel Helped Reverse Expected Losses

Trump's DC hotel has made $4 million more than his company expected this year

It has also become extremely profitable.

The hotel made a handsome profit of about $2 million during that period after paying rent and other expenses, despite budgeting for an expected $2.1 million loss.

The data does not show how much of the hotel's profits come from foreign governments, money the hotel has promised to donate to the U.S. treasury at the end of the year to avoid violating the Constitution's emoluments clause, which prohibits the president from profiting from foreign governments without specific approval from Congress.

The exorbitant prices is bolstering the claim that the hotel is, essentially, a way to buy favor and influence with the president.

Rooms at the hotel, which regularly hosts foreign dignitaries and even members of Trump's own Cabinet, went for approximately $652.98 a night this year.

Ethics experts have said the arrangement would not prevent conflicts of interest in the White House, and the attorneys general of Maryland and DC sued Mr Trump in June, saying he has committed "unprecedented constitutional violations" by failing to appropriately disentangle his public responsibilities as president from his private interests as a businessman.

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From January to April, the average daily room rate was $660 compared with $495 for similar hotels, according to the documents.

There appears to be a significant correlation between the election of Donald Trump and the rise of revenue at the Trump International Hotel in Washington.

While the hotel has overperformed, The Washington Post reported that a large portion of the hotel's rooms tend to be empty. The hotel held a grand opening ceremony in October a year ago, less than two weeks before the 2016 US presidential election.

The Trump Organization leases the building in which the hotel is located from the GSA, the agency that acts as the federal government's landlord. President Trump along with his daughter and senior adviser, Ivanka Trump, have resigned from the family business and pledged to remove themselves from its operations.

Government watchdog groups, competing businesses and state attorneys general have sued over what they call unfair business practices that allow Trump to use the presidency to enrich himself - a tension likely to be heightened by the hotel's nearly immediate profitability.

A U.S. Federal District court has set a date for oral arguments on that case for October 13. "As a result, he has received (and will continue to receive) "presents" and "emoluments" prohibited by the Foreign and Domestic Emoluments Clauses".

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