Trump To Face Crumbling Business After Leaving WH

The Washington Post reports:

When Trump leaves office next year, he will return to a business that is facing significant financial and legal difficulties. Some of Trump’s best-known properties have struggled since he took office, according to records obtained by The Washington Post, as his divisive political rhetoric drove away the big-spending urban customers and nonpolitical conferences his businesses relied upon.

But this year, the coronavirus pandemic added new pain. The pandemic has decimated the hospitality business, forcing layoffs at several Trump properties and shuttering his hotel in Vancouver, B.C. (Four other Trump hotels have closed since he was elected in 2016.) Trump is facing more than $400 million in loan payments in the next four years. Some of the loans are on properties — including Trump’s Doral resort in Miami and his hotel in Washington — that are already losing money.

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