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Arnulfo Franco / AP

The new Trump International Hotel at the Old Post Office in D.C. didn't meet revenue expectations last fall, but the hotel brought in $18 million in the first four months of 2017 — exceeding the company's goals, according to financial records obtained by the Wall Street Journal.

  • The catch: The Trump hotel bumped their room rates from the planned $416 to $660 per night. Food and drink, which also is priced higher than budgeted, made up almost half the hotel's revenue for the first months of 2017.
  • Perspective: Comparable hotels charge about $495 per night, according to WSJ, and have a 69% occupancy rate. Meanwhile, the Trump hotel charges $660 per night and has a 44% occupancy rate.
  • Why it matters: While new hotels tend to grow their revenue over time and Donald Trump no longer runs the Trump Organization, it's hard to imagine Trump becoming president didn't spark a bump in room rates.

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Dan Primack, author of Pro Rata
Updated 7 hours ago - Economy & Business

Dunkin' Brands agrees to $11B Inspire Brands sale

Photo: Alexi Rosenfeld/Getty Images

Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

Ina Fried, author of Login
8 hours ago - Technology

Federal judge halts Trump administration limit on TikTok

Illustration: Aïda Amer/Axios

A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.