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Wed May 15, 2019, 12:46 PM

Trump's prized Doral resort is in steep decline, showing his business problems are mounting

Late last year, in a Miami conference room, a consultant for President Trump’s company said business at his prized 643-room Doral resort was in sharp decline.

At Doral, which Trump has listed in federal disclosures as his biggest moneymaker hotel, room rates, banquets, golf and overall revenue were all down since 2015. In two years, the resort’s net operating income — a key figure, representing the amount left over after expenses are paid — had fallen by 69 percent.

Even in a vigorous economy, the property was missing the Trump Organization’s internal business targets; for instance, the club expected to take in $85 million in revenue in 2017 but took in just $75 million.

“They are severely underperforming” other resorts in the area, tax consultant Jessica Vachiratevanurak told a Miami-Dade County official in a bid to lower the property’s tax bill. The reason, she said: “There is some negative connotation that is associated with the brand.”

https://www.washingtonpost.com/politics/trumps-prized-doral-resort-is-in-steep-decline-according-to-company-documents-showing-his-business-problems-are-mounting/2019/05/14/03cc701a-6b54-11e9-be3a-33217240a539_story.html?utm_term=.6994e0396075

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Reply Trump's prized Doral resort is in steep decline, showing his business problems are mounting (Original post)
yortsed snacilbuper May 15 OP
Eyeball_Kid May 15 #1
marylandblue May 15 #2
smirkymonkey May 15 #3
2naSalit May 15 #4
Grasswire2 May 15 #5
brush May 15 #8
2naSalit May 15 #9
Wellstone ruled May 15 #6
Blue Owl May 15 #7
Yo_Mama_Been_Loggin May 15 #10

Response to yortsed snacilbuper (Original post)

Wed May 15, 2019, 12:51 PM

1. Next, Trumpy will engineer some fires at his

properties to cut his losses and collect insurance money.

An alternative: a “terrorist” attack on one of his hotels.

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Response to yortsed snacilbuper (Original post)

Wed May 15, 2019, 12:52 PM

2. He better call his Saudi friends ask for more emoluments.

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Response to yortsed snacilbuper (Original post)

Wed May 15, 2019, 12:59 PM

3. Ha ha!

Good! I hope to see this downward trend continue.

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Response to yortsed snacilbuper (Original post)

Wed May 15, 2019, 01:07 PM

4. Smells like a devaluation scheme to lower property taxes...nt

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Response to 2naSalit (Reply #4)

Wed May 15, 2019, 01:27 PM

5. YES

We know the drill there.

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Response to 2naSalit (Reply #4)

Wed May 15, 2019, 01:48 PM

8. Yeah, you never know what's up with the slimy bastard.

Business probably is down because former customers are finding out what lying a-hole he is, but who knows how much and whether it's a tax devaluation trick.

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Response to brush (Reply #8)

Wed May 15, 2019, 01:51 PM

9. I suspect that it's some of both, actually...nt

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Response to yortsed snacilbuper (Original post)

Wed May 15, 2019, 01:44 PM

6. Let's understand one major thing,

very few Golf Courses make a Profit in today's Market. First off,the Game of Golf is in full decline. Second,the Maintenance of these Courses is a money pit. Thirdly,Climate Change is raising holy hell with Turf Growing conditions as new grass diseases and in Urban Areas,the use of certain Chemicals and Pesticides that were the cheap fixes are no longer usable.

Yes Ponzi Don might be playing a Tax Cheat game,which is more than likely knowing of his past. But,in the long run,Private owned Courses are a total money pit.





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Response to yortsed snacilbuper (Original post)

Wed May 15, 2019, 01:48 PM

7. Donald Trump: The Declining Years

n/t

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Response to yortsed snacilbuper (Original post)

Wed May 15, 2019, 02:24 PM

10. Everything Trump touches dies

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