Donald Trump’s Washington, D.C. hotel lost $70 million during his time in office, as the former president “grossly exaggerated” the financial health of the property, a House commi…
, which opened in 2016 in the Old Post Office Building, collected an estimated $3.7 million from foreign governments from 2017 to 2020, “raising concerns about possible violations of the Constitution’s Foreign Emoluments Clause.”
According to the documents, Trump reported that the hotel earned him more than $150 million in revenue during his time in office, yet the committee obtained records that showed the $70 million in losses. Trump’s holding company was forced to inject $24 million to help out the hotel. More specifically, the committee said that documents revealed that in 2018, Deutsche Bank allowed Trump to delay payment on a $170 million loan, which he personally guaranteed, for a period of six years. Trump, however, did not disclose the deferral while he was president.
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