• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Trump’s DC hotel lost millions despite foreign payments – U.S. House panel

October 8, 2021 by David Barret Leave a Comment

October 8, 2021

By Jan Wolfe

WASHINGTON (Reuters) -Former U.S. President Donald Trump’s showcase hotel in Washington – a popular gathering spot for supporters and foreign dignitaries – bled millions of dollars during his time in office even as he concealed payments from foreign governments, a U.S. House of Representatives panel said on Friday.

The House Committee on Oversight and Reform said recently obtained government documents raise “troubling” questions about the Trump International Hotel, which is in a historic building the Trump Organization leases from the federal government.

According to the Democratic-controlled committee, Trump reported that the hotel earned him more than $150 million during his time in office, but actually lost more than $70 million.

The committee found that the hotel received over $3.7 million in payments from foreign governments — roughly equal to more than 7,400 nights at the hotel, posing a potential conflict of interest.

The hotel gave a portion of that money to the U.S. government but failed to provide full details of those payments to the GSA, the committee said.

The committee’s investigation was based on documents released by the General Services Administration, the U.S. government agency that manages federal properties.

Provisions in the U.S. Constitution prohibit the president from obtaining payments, or “emoluments,” from foreign governments.

Trump’s lawyers have argued in court cases that his ownership of the hotel did not violate these constitutional provisions.

A Trump Organization spokesperson did not immediately respond to a request for comment. The GSA, likewise, did not immediately respond.

Congressional Democrats say the GSA stonewalled their investigation into Trump’s businesses while he was in office, but in July 2021 finally produced some of the documents they had been seeking.

The committee found that Trump moved millions of dollars through other businesses, complicating GSA’s ability to enforce provisions that prohibited him from collecting profits from the hotel.

The committee also found that he concealed debts when he was bidding for use of the property in 2011 and failed to disclose what it said were favorable loan terms from Deutsche Bank AG that financed renovations to the hotel.

A Deutsche Bank representative decline to comment on the record.

(Reporting by Jan Wolfe; Editing by Andy Sullivan and Alistair Bell)

Source Link Trump’s DC hotel lost millions despite foreign payments – U.S. House panel

David Barret
David Barret

Related posts:

  1. Advocates see ‘chaos’ if U.S. Supreme Court guts abortion rights
  2. Making queer stories universal: ‘Everybody’s Talking About Jamie’ premieres in London
  3. Energize Ventures raises $330M to fund energy, mobility and climate resiliency technology
  4. France accuses Britain of holding fishermen “hostage” for political gain

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Fancy Seeing Your Organs In 4D? Pretty Soon, You Might Be Able To
  • First Known Bats To Glow In The Dark In The US Discovered – But Scientists Aren’t Sure Why
  • “You Be Good. I Love You”: How Alex The Parrot Rewrote Our Understanding Of Animal Intelligence
  • What Would You Find If You Drill Down Deep Under Antarctica?
  • This Is The Safest Place To Sit In Your Car
  • Birds, Hats, And Boycotts: The Story Behind Why It’s A Crime To Collect Feathers
  • Ultra-High-Definition TV – Is It Really Worth It? New Study Figures Out If We Can Even See In UHD
  • Interstellar Comet 3I/ATLAS Will Be At Its Closest To The Sun This Week
  • Human Movement Around Earth Over 40 Times Greater Than That Of All Wild Land Animals Combined
  • Rats Filmed Snatching Bats Out Of The Air Mid-Flight In First-Of-Its-Kind Footage
  • Incredible Planetary System Has Two Stars And Three Earth-Sized Planets
  • “Invasive” Iguanas Spared Extinction As It’s Discovered They Arrived Before Humans Did
  • C/2025 A6 (Lemmon): Phenomenal Fleeting Photobomb Creates Spiral Over Brightest Comet
  • Why Are Men Taller Than Women? Weirdly, We Don’t Actually Know
  • First Targeted Treatment For Dangerous Liver Disease Could Come From An Unexpected Source
  • Mushrooms Could Beat Metal For Large-Scale Memory Storage And Processing
  • Greenhouse Gases’ Heat Trapping Ability Hasn’t Saturated As Some Predicted – But Why?
  • Did You Know The World’s Largest Waterfall Is Underwater?
  • Video Game Study Found Out What People Do When The World Ends, And It’s Exactly What You’d Expect
  • How Do We Predict The Weather? Find Out More In Issue 40 Of CURIOUS – Out Now
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version