According to documents obtained by House Democrats from the General Services Administration, the much-discussed Trump International Hotel in Washington, D.C. fell well below its revenue projections in its first two months of operation.
Per the docs provided to the Democrats, the hotel pulled in revenue of $1.3 million in September and $2.8 million in October. The projections for the hotel’s first two months were $2.1 million and $4.3 million, respectively, showing a shortfall of $2.3 million.
In terms of profits, the hotel projected that it would lose $84,000 in September and make a $481,000 profit in October. Instead, the project lost $334,000 its first month and $825,000 the second month for a total loss of $1.1 million.