The Washington Post reports:
Donald Trump’s luxury Washington hotel lost more than $70 million while he was in office despite reaping millions in payments from foreign governments, according to federal documents released by the House Committee on Oversight and Reform on Friday.
The committee, chaired by Rep. Carolyn B. Maloney (D-N.Y.), released hundreds of pages of financial documents on the property Friday that it received from the General Services Administration, the agency that leased the federally owned property to Trump’s company beginning in 2013.
Maloney and Rep. Gerald E. Connolly (D-Va.) allege the documents show that Trump received an estimated $3.7 million from foreign governments and received preferential treatment from Deutsche Bank when the bank allowed Trump to defer payments for six years on the principal of the property’s $170 million loan.
Read the full article.
Trump’s D.C. hotel made millions from foreign governments but still struggled, federal documents show https://t.co/C5oEWwJ5L9
— The Washington Post (@washingtonpost) October 8, 2021