Back To Blog

Even the President's Real Estate Portfolio is Feeling this Pandemic

Donald Trump Coronavirus Real Estate

 

Due to this pandemic, the Trump Organization is now missing out on more than $1M in revenue each day from their real estate investments.

In addition, Several Trump-owned properties are closing, and about the 500 employees were already fired, or furloughed.

Some properties are staying open despite, but they're not doing so hot. In March, Trump's 263-room hotel in D.C. only had 11 guests, one employee says. The company recognizes the financial dangers here, and they are trying to sell a few places for $350M. However, Coronavirus has put negotiations on hold.

One property, which gets most of its business from guests coming to stay for events, such as Golf Tournaments, is costing Trump a whopping $200,000 per day. To top off all these losses, Trump properties are legally barred from getting financial support from the $2T stimulus package, which the president signed himself.

Check out our Instagram to find this post and share your thoughts. How do you feel about the future of real estate? Let us know!

Add Comment

Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Comments

  1. No comments. Be the first to comment.