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.
- 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.