House investigators released data revealing that the hotel in Washington lost $74 million from 2016 to 2020, a figure disputed by the Trump Organization.
Despite all the Republican-paid political events and big bar tabs from lobbyists, foreign dignitaries and other supporters of President Donald J. Trump, the Trump International Hotel in Washington lost an estimated $74 million between 2016 and 2020, according to data released on Friday by House investigators. The tally came from Mr. Trump’s own auditors, showing losses that generally increased through his tenure in the White House, even as Mr. Trump’s annual financial disclosure reports showed revenues of more than $40 million a year, at least until the pandemic hit. The new account of revenues and annual losses at the hotel — which is in a federally owned landmark known as the Old Post Office building — was released as House Democrats push the Biden administration to turn over additional documents to determine if Mr. Trump broke federal rules by continuing to operate the hotel through his family while serving as president. “The documents provided by G.S.A. raise new and troubling questions about former President Trump’s lease,” said a letter sent Friday by the House Oversight and Reform Committee to the General Services Administration, asking for more information. The materials released by House investigators estimated that the hotel also generated nearly $3.8 million in revenue from foreign government officials during the first three years Mr. Trump was in office, be it hotel stays or meals or other business. The president drew in foreign dignitaries who often liked to be seen at his hotel, at times even meeting with Mr. Trump’s aides at the complex. Millions more was spent by the Republican National Committee and various election campaigns and other political groups backing Republican candidates, or supporting Mr. Trump’s re-election efforts, Federal Election Commission reports show. During his presidency, the Trump hotel became a showcase of special-interest lobbying and maneuvering by allies of Mr. Trump to draw his attention or support. Still, the overall message was that the Trump International Hotel, despite all the headlines, is a money-losing operation, said David J. Sangree, an accountant who runs a firm, Hotel & Leisure Advisors, that evaluates hotel industry performance and who looked at the audited reports at the request of The New York Times. “You would expect a hotel in Washington, D.C., to earn a profit,” he said. The Trump family often has various ways of counting revenues and losses, for example presenting one set of figures suggesting losses to property tax authorities in an effort to reduce tax bills and giving another to the public that suggests higher returns reflecting well on Mr.
