David A. Fahrenthold and Jonathan O’Connell, reporting for The Washington Post:
At Doral, which Trump has listed in federal disclosures as his
biggest moneymaker hotel, room rates, banquets, golf and overall
revenue were all down since 2015. In two years, the resort’s net
operating income — a key figure, representing the amount left
over after expenses are paid — had fallen by 69 percent.
Even in a vigorous economy, the property was missing the Trump
Organization’s internal business targets; for instance, the club
expected to take in $85 million in revenue in 2017 but took in
just $75 million.
“They are severely underperforming” other resorts in the area, tax
consultant Jessica Vachiratevanurak told a Miami-Dade County
official in a bid to lower the property’s tax bill. The reason,
she said: “There is some negative connotation that is associated
with the brand.”
“Some negative connotation” — you don’t say.