Struggling Trump Tower Chicago cuts amenities, costs to get by
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Trump International Hotel & Tower Chicago is struggling to bring in business amid political backlash against the president, the Washington Post reports.
Where it stands: County documents show profits between 2015 and 2018 for the hotel have fallen 89%, from $16.7 million to $1.8 million. Company lawyers are arguing to have the business' taxes lowered. To keep up, the lavish establishment is cutting costs by leaving jobs open, rolling back amenities and purchasing cheaper supplies.
- Documents show other Chicago hotels are largely remaining steady.
The big picture: A number of President Trump's properties have struggled to keep steady since his administration began. While he visits the establishments often, bringing some benefit, many are still having to adjust.
- The Trump Organization said in October that it was considering selling the lease on its flagship D.C. hotel.
- Two New York Trump ice rinks have been redecorated to remove or downsize the presence of Trump's name.
- The Trump National Doral Miami resort's net operating income fell by 69% over the past two years as of May. Trump tried to steer the upcoming G7 meeting to the resort until he was met with backlash.
Between the lines: Trump is also facing multiple allegations of violating the emoluments clause through his properties, which financially benefit from hosting the president and his events, as well as foreign dignitaries.
Go deeper:
- Pentagon spent at least $184,000 on Trump Turnberry Resort stopovers
- Trump properties earned over $3 million from midterm campaigns
- Report: Trump Organization employed undocumented construction workers
Editor's note: This story has been updated to reflect that Trump was seeking to host the G7 at Trump's Doral resort, not the G20.
