In its effort to sell off the lease to the Trump International Hotel in Washington, the Trump Organization has put together a glossy investor brochure complete with pictures showcasing the hotel’s grandiose architecture, its central location and its spa’s Himalayan salt chamber.
The hotel’s biggest selling point though, according to a copy of the brochure seen by CNN, is the one thing that the Trump family insists it didn’t take advantage of: profiting off foreign governments. “Tremendous upside potential exists for a new owner to fully capitalize on government related business upon rebranding of the asset,” reads the 46-page investor pitch.
The Trump Organization insists that its refusal to solicit foreign business has cost it more than $9 million. According to the brochure, those “sacrifices” include turning away 17,100 room nights in 2019, resulting in $5.3 million in lost room revenue and $3.9 million in lost food and beverage revenue.