nhboy
Ubi bene ibi patria
" On Wednesday, CNBC broke news that the Trump Organization is doubling the initiation fee for its Mar-a-Lago resort — the place President Trump recently described as “the Winter White House” — to $200,000 (taxes and $14,000 annual dues not included).
Buying a membership to Mar-a-Lago buys access to Trump. Over New Year’s, the then-president-elect partied with paying guests at the Palm Beach, Florida resort and gave a shout-out to one of his billionaire business partners. Trump is reportedly planning to vacation there again as soon as the weekend of February 3.
Also on Wednesday, Bloomberg reported that the head of Trump’s hotel-management company is planning for “an ambitious expansion across the U.S.”
“There are 26 major metropolitan areas in the U.S., and we’re in five,” Trump Hotels Chief Executive Officer Eric Danziger said on Tuesday. “I don’t see any reason that we couldn’t be in all of them eventually.”
That expansion is in the works despite the fact that Trump’s new Washington, D.C. hotel lost $1.1 million in September and October. But with Trump now inaugurated as president, his hotel-management company apparently sees an opportunity to cash in.
Both the Mar-a-Lago fee increase and the expansion of Trump-branded hotels represent ways Trump will profit off the presidency. Unlike other modern presidents, Trump refused to sell his company or put his assets into a blind trust. Instead, he transferred management to his two adult sons, both of whom were intimately involved in their father’s presidential transition. And during a press conference earlier this month, Trump reneged on a vow he made about the Trump Organization not pursuing any “new deals” while he’s president. "
https://thinkprogress.org/trump-mar-a-lago-dues-trump-hotels-profit-off-presidency-92f33bf9f7fb#.1jzgpoxr3
Buying a membership to Mar-a-Lago buys access to Trump. Over New Year’s, the then-president-elect partied with paying guests at the Palm Beach, Florida resort and gave a shout-out to one of his billionaire business partners. Trump is reportedly planning to vacation there again as soon as the weekend of February 3.
Also on Wednesday, Bloomberg reported that the head of Trump’s hotel-management company is planning for “an ambitious expansion across the U.S.”
“There are 26 major metropolitan areas in the U.S., and we’re in five,” Trump Hotels Chief Executive Officer Eric Danziger said on Tuesday. “I don’t see any reason that we couldn’t be in all of them eventually.”
That expansion is in the works despite the fact that Trump’s new Washington, D.C. hotel lost $1.1 million in September and October. But with Trump now inaugurated as president, his hotel-management company apparently sees an opportunity to cash in.
Both the Mar-a-Lago fee increase and the expansion of Trump-branded hotels represent ways Trump will profit off the presidency. Unlike other modern presidents, Trump refused to sell his company or put his assets into a blind trust. Instead, he transferred management to his two adult sons, both of whom were intimately involved in their father’s presidential transition. And during a press conference earlier this month, Trump reneged on a vow he made about the Trump Organization not pursuing any “new deals” while he’s president. "
https://thinkprogress.org/trump-mar-a-lago-dues-trump-hotels-profit-off-presidency-92f33bf9f7fb#.1jzgpoxr3