The Trump International Hotel in Washington, D.C. has profited almost $2 million in 2017, according to newly released figures.
President Donald Trump's Washington hotel turned an unexpected profit in the first four months of the year, helped by charging higher rates than initially planned, according to reports in The Wall Street Journal and The Washington Post.
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Trump International visitors have spent $8.2 million on food and drinks so far at the hotel this year, beating expectations by 37.2 per cent, reports The Washington Post.
Some estimate that guests visiting the Trump International Hotel, which include conservative, foreign and Christian groups, pay more for a room than at any other hotel in the city, with an average night's stay costing $652.98 compared with $495 a night at competing luxury hotels, the Post reported. The most recent legal challenge to Trump's ownership of the property, filed by the watchdog group Citizens for Responsibility and Ethics in a NY district court on August 4, claimed that "no previous president has come to office with such disregard for conflicts-of-interest principles, or presented remotely the same risk of financial entanglement, foreign and domestic". Ethics experts have seen the hotel as a prime example of the problems Trump's business empire generates while he serves as president.
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The constitution's emoluments clause bars public officials from accepting payments from foreign governments, which the Trump Org wasn't tracking as of late May.
The hotel made a profit of $1.97 million in 2017, according to The Washington Post. He also handed management of the hotel over to his two eldest sons amid ethical concerns.
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According to The Hill, Trump promised to donate any profits from foreign governments to the USA treasury in an attempt to curb controversy. However, his interest in ownership remains.