Trump Organization claims 'negative connotation' of Trump brand leads to revenue declines at Florida resort, The Washington Post reports
Washington The Trump Organization's golf resort in Doral, Florida, has become less profitable since Donald Trump announced he was running for president four years ago, the Washington Post reported Wednesday -- a change that a company representative claimed to a local official was due to"some negative connotation that is associated with the brand."
Citing financial data the Trump Organization submitted to Miami-Dade County, the paper said that from 2015 to 2017, the resort's revenue"fell from $92 million to $75 million — an 18 percent drop." Although the resort is still profitable, documents show that during that period, net operating income shrank from $13.8 million to $4.3 million, according to the paper.
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