Report: Trump golf resort in Scotland lost $4.5 million in ’17
WASHINIGTON — President Donald Trump’s Turnberry golf course in Scotland — one of his largest investments and the site of a presidential visit this summer — lost $4.5 million in 2017, its fourth consecutive year in the red.
That loss was detailed in documents filed by the Trump Organization with the British government, and posted online Thursday.
Trump has spent at least $212 million on the property — $67 million to buy it and an additional $144 million to renovate it and sustain its ongoing losses since he purchased it three years ago.
The figures from Turnberry were another sign that Trump’s businesses have suffered as his rise as a polarizing political figure has alienated the rich, urban customers his properties seek to attract.