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The gold is starting to lose its shine, as Donald Trump steps out of the presidential limelight and faces repercussions after the breach of the U.S. Capitol by his supporters.
The hotelier was caught up in multiple scandals during his time in office. This time, the blowback will severely impact his hospitality businesses, according to experts. It’s a blowback that will likely spread further than political donations and stumbling blocks to sell a Washington, D.C. property.
This month, several organizations have spoken up.
Donald Trump financial disclosure reveals a business upended by the pandemic
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Donald Trump financial disclosure reveals a business upended by the pandemicBy Ben Protess, Steve Eder, Michael H. Keller, New York Times
Last Updated: Jan 21, 2021, 10:38 AM IST
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Synopsis
The report detailed a revenue drop of more than 40% at Trump’s Doral golf club outside Miami, and a 63% decline at his signature hotel in Washington, just blocks from the White House.
AP
The disclosure portends greater tumult for the business, which has faced widespread shunning of its brand after the deadly Jan. 6 assault on the Capitol.
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Over the past year, former President Donald Trump’s family business suffered steep declines in revenue as the pandemic upended the nation’s hospitality industry, according to a financial disclosure report released hours after Trump departed office Wednesday.
UpdatedFri, Jan 15, 2021 at 3:04 pm ET
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The Trump Building at 40 Wall Street is one of the remaining places in New York City branded with Trump s name. (Courtesy of Paul Baranda)
NEW YORK CITY T-R-U-M-P.
Those five letters hung over New York City for decades as monuments to Donald Trump the outsize developer, tabloid fixture, reality TV star and eventual unlikely U.S. president who claimed the city as his home.
But one-by-one the Trump tributes faded as his reputation did, struck from high rises, hotels and even ice rinks.
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Mayor Bill de Blasio s effort to sever the city s four contracts with the Trump Organization is only the latest in a long divorce between the Big Apple and The Donald and even then three of the properties involved didn t publicly bear the name.
When Donald Trump leaves the White House on 20 January, reports indicate that he will not return to his home town of New York City but rather, reside at his Mar-a-Lago home in south Florida. Indeed, Trump formally changed his residency to the so-called Sunshine State in fall 2019. Trump’s seemingly permanent departure to a state known for its large population of elderly retirees marks the end of an era in New York, the city where he grew up and.