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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.

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