Home / Trending / In Trump’s U.Okay. Visit, Some See ‘Infomercial’ for Money-Losing Golf Resort

In Trump’s U.Okay. Visit, Some See ‘Infomercial’ for Money-Losing Golf Resort

Mr. Trump, in truth, arrived at Turnberry the day after Britons voted in 2016 to depart the European Union, but he spoke about his resort for 15 mins ahead of he took questions about Brexit at a information convention. He additionally expressed skepticism when requested if the referendum would ship surprise waves during the world markets.

“Look, if the pound goes down, they’re going to do more business,” Mr. Trump mentioned then. “When the pound goes down, more people are coming to Turnberry, frankly.”

Although Mr. Trump has claimed to have spent no less than 200 million kilos, about $264 million, on Turnberry to shop for and renovate it since 2014 — a determine that has now not been verified independently — the direction has but to show a benefit.

In reality, the Turnberry operation has misplaced tens of hundreds of thousands of kilos since he bought it, filings in Britain display: about £17 million in 2016, the closing 12 months for which such complete information are to be had. For 2017, Mr. Trump’s govt ethics submitting discloses best how a lot earnings the direction generated — $20.four million — now not whether or not it had earned a benefit.

This isn’t the primary time that Mr. Trump has visited a Trump-owned lodge whilst touring in his capability as president. On a 13-day commute thru Asia, the president swung by means of the Trump International Hotel Waikiki lodge for a 10-minute consult with.

“The president stopped by the Trump Hotel on his way to the airport,” Sarah Huckabee Sanders, the White House press secretary, mentioned in a observation on the time. “It has been a tremendously successful project, and he wanted to say hello and thank you to the employees for all their hard work.”

An research of that commute by means of The Associated Press confirmed that Mr. Trump’s stopover price American taxpayers virtually $141,000, or greater than $100 a minute. The president’s lodge prevent itself price taxpayers $1,000.

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