Lachlan Markay and Sam Stein breakdown President Donald Trump’s financial disclosure form for 2019 and while losses at Mar a Lago garnered much of the headline attention, we learned more about where golf stood in his empire revenues of $352 million, down $387 million from 2017.
The Trump National LA number stood out:
His Mar-a-Lago club brought in about $2.5 million less than it did in 2017. Income from the Trump National Golf Club in Los Angeles dropped by roughly $3 million. And the Trump Organization’s hotel management arm saw its income plummet by nearly $16 million, though its numbers for 2018 were more in line with those prior to Trump assuming the presidency.
Other Trump properties fared better. His Doral resort in Miami hiked its income by about $2.2 million in spite of internal concerns about declining residency reported by The Washington Post this week. Trump Turnberry, a golf resort in Scotland, saw income increase by $3 million.
The Post story by David Fahrenthold and Jonathan O’Connell focused on Doral’s revenue decline, noting this:
At Doral, which Trump has listed in federal disclosures as his biggest moneymaker hotel, room rates, banquets, golf and overall revenue were all down since 2015. In two years, the resort’s net operating income — a key figure, representing the amount left over after expenses are paid — had fallen by 69 percent.