Trump resorts pull in $127M
2017 financial statement shows revenues dipping at 4 S. Florida properties
President Donald Trump’s properties in South Florida generated $127 million in revenue last year, according to a financial disclosure statement released Wednesday by the Office of Government Ethics.
The report, which must be filed under federal law, also revealed Trump made a payment of more than $100,000 to his personal attorney, Michael Cohen, an apparent reference to the $130,000 Cohen paid to ensure the silence of Stormy Daniels, an adult-film actress who claimed she’d had an affair with Trump.
Daniels, whose real name is Stephanie Clifford, says she had an affair with the president in 2006. Trump denies it.
Trump’s biggest revenue generator listed in the report was the Trump National Doral
Golf Club, which earned $74.8 million.
Elsewhere in South Florida, Trump’s Mar-aLago club generated $25.1 million, Trump National Golf Club in Jupiter generated $14.3 million and the Trump International Golf Club in West Palm Beach generated $12.8 million.
A previous report covering Jan. 1, 2016, to April 15, 2017, reported cumulative revenues for Trump’s four South Florida properties of $191.7 million.
Assuming revenue was spread evenly from month to month, it appears Trump’s properties generated less in combined income in 2017 when compared to 2016.
For the 151⁄2-month period in the previous report, $115.9 million in revenue was generated by Trump National Doral Golf Club, $37.3 million by Mar-a-Lago, $20.1 million by Trump National Golf Club and $18.4 million by Trump International Golf Club.
Those businesses are operated by the Trump Organization. Trump said he turned over control of his businesses to his sons Eric and Donald Trump Jr. so he could focus on his presidency.
Trump has visited his Palm Beach private club and estate 17 times since he became president and often plays golf at his West Palm Beach course.
Shortly after Trump was elected, the Mar-aLago Club doubled its annual membership fee to $200,000.
But the club also faced a backlash after the president’s controversial comments on violence in Charlottesville, Va. More than 20 charities, including the American Red Cross and the Salvation Army, canceled events.
Trump National Doral — a 643-room resort and spa that features the famed Blue Monster golf course — completed a $250 million renovation in April 2016, according to the Trump Organization.
The PGA Tour moved a tournament from Trump National Doral to Mexico City in June 2016, a move PGA officials attributed to business rather than political concerns.
Elsewhere in the country, Trump’s hotel in Washington, D.C. — which features suites reportedly costing as much as $18,000 a night — generated $40 million. The hotel, a short walk from the White House, opened in September 2016.
Trump National Golf Club in Bedminster, N.J., which Trump uses as his summer retreat, had just over $15 million in revenue.