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Trumpís prized Doral resort is in steep decline, according to company documents
Washington Post via MSN ^ | 5/15/19 | David Fahrenthold, Jonathan O'Connell

Posted on 05/15/2019 10:56:47 AM PDT by DoodleDawg

Late last year, in a Miami conference room, a consultant for President Trump’s company said business at his prized 643-room Doral resort was in sharp decline.

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. Even in a vigorous economy, the property was missing the Trump Organization’s internal business targets; for instance, the club expected to take in $85 million in revenue in 2017 but took in just $75 million.

“They are severely underperforming” other resorts in the area, tax consultant Jessica Vachiratevanurak told a Miami-Dade County official in a bid to lower the property’s tax bill. The reason, she said: “There is some negative connotation that is associated with the brand.”

(Excerpt) Read more at msn.com ...


TOPICS: News/Current Events; US: District of Columbia; US: Florida
KEYWORDS: dadecounty; davidfahrenthold; districtofcolumbia; dnctalkingpoint; dnctalkingpoints; doral; florida; golf; hitpiece; jeffbezos; jonathanoconnell; mediawingofthednc; miami; partisanmediashills; presstitutes; smearmachine; trump; trumpworld; vachiratevanurak; washingtoncompost; washingtonpost
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So if you are appearing before a local tax commission and your goal is to reduce your tax bill then of course you are going to paint the bleakest picture possible. But the Post makes it sound like the Doral is losing money and Trump's business is on the verge of bankruptcy.
1 posted on 05/15/2019 10:56:47 AM PDT by DoodleDawg
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To: DoodleDawg

Obviously, Trump is making all his decisions to enrich himself.


2 posted on 05/15/2019 10:59:19 AM PDT by Attention Surplus Disorder (Apoplectic is where we want them)
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To: DoodleDawg

What with 1/2 the population hating on the man... not much of a surprise.


3 posted on 05/15/2019 10:59:32 AM PDT by Pikachu_Dad ("the media are selling you a line of soap)
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To: DoodleDawg

Quick, he needs to be impeached for illegally loosing money.
Commercial Real Estate has its ups and downs.

Talk to anyone who owned a hotel in Vegas during 2002-2012


4 posted on 05/15/2019 11:02:00 AM PDT by Zathras
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To: DoodleDawg

Note those time periods? Yeah ... Tail end of the Obama era ...


5 posted on 05/15/2019 11:03:27 AM PDT by _Jim (Save babies)
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To: Zathras

The Washington CommiePost (ComPost) at it again.


6 posted on 05/15/2019 11:03:43 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Pikachu_Dad

When the PGA pulled out of the doral location and moved the tournament to Mexico I vowed to never attend a PGA event ever again. They can virtue signal to lacucoracha land for all I care.


7 posted on 05/15/2019 11:06:48 AM PDT by Mouton (The media is the enemy of the people.)
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To: DoodleDawg

Trump’s prized Doral resort is in steep decline, according to company documents
Washington Post via MSN ^ | 5/15/19 | David Fahrenthold, Jonathan O’Connell

Now there is a credible source.


8 posted on 05/15/2019 11:06:54 AM PDT by JayAr36 (Organized Crime is now in charge of the District of Corruption)
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To: DoodleDawg

Hi.

Have you heard or read in the MSM, that President Trump doesn’t take a salary?

5.56mm


9 posted on 05/15/2019 11:06:54 AM PDT by M Kehoe (DRAIN THE SWAMP! BUILD THE WALL!)
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To: Attention Surplus Disorder
Exactly! So much for the Emoluments Clause.
10 posted on 05/15/2019 11:08:28 AM PDT by mellow velo
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To: DoodleDawg

If the Trumps run out of money, the wife and I will help out. We don’t have much, but friends help friends - we won’t let ‘em starve!


11 posted on 05/15/2019 11:08:48 AM PDT by enumerated
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To: _Jim
Note those time periods? Yeah ... Tail end of the Obama era ...

They seemed to be doing pretty well before then. But again, this is a presentation to the local government for the purpose of lowering property taxes. You don't go into a meeting like that talking about how your profits have never been higher and business has never been better.

12 posted on 05/15/2019 11:13:00 AM PDT by DoodleDawg
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To: Attention Surplus Disorder

Maybe part of the problem is that he isn’t running his businesses anymore. Just maybe if he wasn’t President and running the Trump Empire there might be a different result.


13 posted on 05/15/2019 11:15:12 AM PDT by BushCountry (thinks he needs a gal whose name doesn't end in ".jpg")
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To: DoodleDawg

Help me if I am wrong, but didn’t the PGA cancel a very lucrative Golf Tournament at Doral a couple of years ago? If, my memory serves me, when that happened, the future of Doral was downgraded and in jeopardy. I suspect it will be part of a Real Estate Loss/Depreciation claim in future tax filings and eventually sold.


14 posted on 05/15/2019 11:16:25 AM PDT by Old Retired Army Guy
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To: Pikachu_Dad

Doesn’t take much for make up for that. The business is so competitive that just organizations that support Trump can make up the diference. Religious organizations, business groups, et al

Get out there and book the Doral and other properties


15 posted on 05/15/2019 11:20:55 AM PDT by A_Former_Democrat (Pussie Smollett, Mizzou, campus fake nooses, fake "protests" FAKE EVERYTHING Hey CNN? lol)
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To: M Kehoe
Have you heard or read in the MSM, that President Trump doesn’t take a salary?
Not a single solitary time to my knowledge.
16 posted on 05/15/2019 11:22:15 AM PDT by dainbramaged (If you want a friend, rescue a pit bull.)
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To: Old Retired Army Guy
Help me if I am wrong, but didn’t the PGA cancel a very lucrative Golf Tournament at Doral a couple of years ago?

They moved it. Cadillac cancelled their sponsorship because it was at the Doral so it got moved. To Mexico, I believe.

And the article identifies that as part of the reason for the Doral's decline.

17 posted on 05/15/2019 11:25:01 AM PDT by DoodleDawg
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To: DoodleDawg

Hahahahaha! Stupid imbecile media....

“They are severely underperforming” other resorts in the area, tax consultant Jessica Vachiratevanurak told a Miami-Dade County official in a bid to lower the property’s tax bill.’

I knew that somewhere in the article, there was a real story here.


18 posted on 05/15/2019 11:29:35 AM PDT by nikos1121
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"Washington Post via MSN".

They always lie and/or twist the truth in regard to our President. If he had a slight case of athletes foot it would be front page, above the fold. And their reporters would find a doctor blathering about amputation.

19 posted on 05/15/2019 11:30:35 AM PDT by Sa-teef
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To: DoodleDawg

A Trump resort is in steep decline? THAT DOES IT! I’m voting for Biden!

lol lol lol lol


20 posted on 05/15/2019 11:33:05 AM PDT by workerbee (America finally has an American president again.)
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