Trump in­ter­na­tional ho­tel washington, d.c.

Forbes - - FACT & COMMENT -

What he owns: 77% stake in ground lease through 2075

to­tal value: $238 mil­lion

debt: $170 mil­lion (est.) net value: $52 mil­lion Change vs. 2016:

–$52 mil­lion

To Trump fans, it’s a re­minder of the pres­i­dent’s busi­ness acu­men. To his de­trac­tors, it’s the cen­ter of the swamp. Ei­ther way, the ho­tel on Penn­syl­va­nia Av­enue, which opened in Oc­to­ber 2016, made $2 mil­lion in profit in its first four months this year, far ex­ceed­ing the Trump Or­ga­ni­za­tion’s ex­pec­ta­tions. That helped push up its over­all value. But the net value of Trump’s stake has de­creased since last year be­cause he ap­par­ently drew down the re­main­ing $45 mil­lion por­tion of a $170 mil­lion credit line used for ho­tel con­struc­tion. Forbes also ex­cluded from our es­ti­mates the roughly 23% stake that his chil­dren Ivanka, Don Jr. and Eric own.

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