[broken_clock]

President Trump said Saturday that he will no longer host the G-7 Summit at his struggling Miami golf resort —

Struggling Miami golf resort? Really? Curious how this “fact” isn’t given any proof in the story.

[newzjunkey]

This was the first time I’d seen the resort described as “struggling”

[RogueOne]

Yes Net operating income has fallen almost 70% over the last several years, it is under-performing the Miami market overall in terms of occupancy rates etc. despite Doral dropping its room pricing structure. Multiple major sponsors and tournaments (for example the PGA moved its annual Doral stop to Mexico City) have pulled out starting in 2015.

Jessica Vachiratevanurak of the Trump Organisation blamed it paertially on blowback from politics when she went and asked Miami-Dade to lower Doral’s tax rates via a lower valuation (They got it).

https://www.miamiherald.com/news/local/community/miami-dade/article230427334.html

https://www.rawstory.com/2019/10/trumps-doral-is-severely-under-performing-losing-70-of-profits-in-just-2-years-wapo-reporter/

https://www.washingtonpost.com/politics/trumps-prized-doral-resort-is-in-steep-decline-according-to-company-documents-showing-his-business-problems-are-mounting/2019/05/14/03cc701a-6b54-11e9-be3a-33217240a539_story.html