Trump re­sorts pull in $127M

2017 fi­nan­cial state­ment shows rev­enues dip­ping at 4 S. Florida prop­er­ties

Sun Sentinel Palm Beach Edition - - FRONT PAGE - By Skyler Swisher Staff writer

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.

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