Trump DC Hotel Raked In $3.75M From Foreign Govts From 2017-2019, According To New Report

WASHINGTON D.C., UNITED STATES - FEBRUARY 2, 2020: People walking outside Trump International Hotel Washington. Valery Sharifulin/TASS (Photo by Valery SharifulinTASS via Getty Images)

Foreign governments spent more than $3 million at then-President Donald Trump’s hotel in D.C., Trump International Hotel, during the first three years of his presidency, according to new information released by House Oversight Committee Democrats.

On Friday, the committee sent a letter to General Services Administration (GSA) chief Robin Carnahan summarizing its findings. The GSA had provided the documents on the Trump Organization and Trump Hotel as the committee attempted to probe the “unresolved ethics crisis left by” the ex-president.

The documents showed that Trump failed to ensure he didn’t receive foreign emoluments in violation of the Constitution’s Emoluments Clauses, the committee stated.

Based on how the Trump Organization’s own method of calculating its profits from foreign governments, the Trump International Hotel raked in $3.75 million in foreign government payments from 2017 through 2019, the committee said.

“Based on the average daily rate for a room at the Trump Hotel, this represents the cost of more
than 7,400 room-nights purchased by foreign governments,” the letter continued.

Those payments helped reduce the hotel’s losses, according to the Oversight committee.

The committee also noted that most of the foreign money that the Trump Organization had identified in the records was funneled into the D.C. hotel. The rest of Trump’s businesses and properties received much less, according to the committee.

Additionally, Trump received “undisclosed preferential treatment” from the German bank Deutsche Bank when it received a $170 million loan to his hotel, the committee stated.

The committee told Carnahan that it had sought the records from the GSA due to “serious concerns” about Trump’s “presidential conflicts of interest and undue influence” over the agency, which is tasked with leasing out the Old Post Office Building, where Trump International Hotel is located.

The documents “raise new and troubling questions” about Trump’s lease with GSA and the agency’s “ability to manage the former President’s conflicts of interest during his term in office when he was effectively on both sides of the contract, as landlord and tenant,” the committee said.

The letter directed Carnahan to hand over more documents by October 22 so that the committee may “investigate and legislate on the pressing issue of presidential ethics and to prevent future presidents from profiting off the office of the presidency.”

Read the letter below:

Dear Reader,

When we asked recently what makes TPM different from other outlets, readers cited factors like honesty, curiosity, transparency, and our vibrant community. They also pointed to our ability to report on important stories and trends long before they are picked up by mainstream outlets; our ability to contextualize information within the arc of history; and our focus on the real-world consequences of the news.

Our unique approach to reporting and presenting the news, however, wouldn’t be possible without our readers’ support. That’s not just marketing speak, it’s true: our work would literally not be possible without readers deciding to become members. Not only does member support account for more than 80% of TPM’s revenue, our members have helped us build an engaged and informed community. Many of our best stories were born from reader tips and valuable member feedback.

We do what other news outlets can’t or won’t do because our members’ support gives us real independence.

If you enjoy reading TPM and value what we do, become a member today.

Latest News
Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Investigations Desk:
Reporters:
Newswriters:
Director of Audience:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: