Trump s pandemic woes are hitting hardest in his own backyard
Sophie Alexander, Bloomberg
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After leaving the White House, Donald Trump decamped to Mar-a-Lago, the club that served as a backdrop to much of his presidency and where he still gets a standing ovation from members in the main dining room. But it s another Florida property, about an hour and a half south, that s key to his business empire s future.
With its four golf courses and sprawling luxury hotel, the Trump National Doral Miami has for years been one of the Trump Organization s biggest cash cows. Now, it is among the properties suffering most from the covid-19 pandemic and a contentious presidency capped by a second impeachment.
Operator
Good morning, and welcome to the fourth-quarter 2020 earnings call. [Operator instructions] Please note this event is being recorded. I would now like to turn the conference over to Michele Reber. Please go ahead.
Michele Reber
Chief Executive Officer
Thank you, and good morning. With me today are Omega s CEO, Taylor Pickett; COO, Dan Booth; CFO, Bob Stephenson; chief corporate development officer, Steven Insoft; and Megan Krull, senior vice president of operations. Comments made during this conference call that are not historical facts may be forward-looking statements, such as statements regarding our financial projections, dividend policy, portfolio restructurings, rent payments, financial condition or prospects of our operators, contemplated acquisitions, dispositions or transitions, and our business and portfolio outlook generally. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially.