Trump International Hotel & Tower----33 floors tall in the country’s
capital, Baku, w/ 72 ultra-luxury residences and 189 hotel rooms. (rendering)
Posted on 05/20/2016 6:35:06 AM PDT by RoosterRedux
Trump, and his businesses, appear to have done very well in the past year. If anything, the improvement looks all the more impressive, since the $557 million that was booked in the the most recent period was generated over a shorter period—16 1/2 months versus 18 1/2 months.
The robust rise didn’t result from developing new ventures or properties. His holdings are practically identical to roster in the past report. The big buckets touted in the release are revenues at his golf courses and hotels, sales of condominiums, and fees for managing condo, office buildings, not to mention a famous skating emporium, and the sale of a world-famous beauty pageant.
And it’s important to note that the figures Trump trumpets exclude a big part of his total sales. A major portion of his revenues. as much as one-half, come from office and condo rentals. royalties, all of which are excluded from the $557 million.
Instead, the story, it appears, of Trump’s strong performance in the past year is of improvements in his existing businesses. In fact, of the forty developments, golf courses, and the like with the largest revenues, no fewer than 34 showed improved sales, while four declined, and one showed no change. Just about the only notable new venture is his management contract for the architecturally avant-garde, sail-shaped Trump Baku in Azerbaijan ($322,000 in fees). Even sales of Trump Ice, his water company, rose, up 48%, to nearly $415,000.
It’s Trump’s portfolio of fifteen golf courses that provided the big push. Their revenues jumped from $195 million to $318 million, accounting for two-thirds of the total improvement. The star is the Trump National Doral Miami.
(Excerpt) Read more at fortune.com ...
Ping
So I take it he’s not hurting for money?
Trump International Hotel & Tower----33 floors tall in the country’s
capital, Baku, w/ 72 ultra-luxury residences and 189 hotel rooms. (rendering)
The guy’s amazing.
Just once before I die, I’d like to vote for “amazing.”
Seriously though, I think a major factor is that many more people want to stay in Trump hotels and golf on Trump owned courses.
I know I've already decided that my next visit to Las Vegas will be at the Trump Hotel.
He’ll be good for the country’s bank account.
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