The trust fund baby has a $170 million bank loan coming due in 2024 from Deutsche Bank for his Trump International Hotel in Washington D.C. But according to the Wall Street Journal, to welch on that debt, He's selling it to Hilton. "the property has been struggling to make money for years. Operating profits (measured as earnings before interest, taxes, depreciation and amortization) for the 12 months ending Aug. 31, 2017, appeared to be negative $4.3 million, according to an analysis of the financial documents released by the House Committee on Oversight and Reform. The next year, things improved, but the Trumps still only squeezed out $900,000 of operating profits on $52.3 million in revenue, and they lost money after paying interest on their debt. A year after that, the property bled more, $2.1 million on an operating basis. Things got worse when Covid struck. In the year that ended Aug. 31, 2020, the hotel produced an operating loss of $8.6 million. Karma is a b****, if only Trump had taken COVID seriously! https://www.salon.com/2021/11/15/plans-to-sell-his-dc-hotel-to-hilton-after-losing-millions_partner/
