In Trump’s U.K. Visit, Some See ‘Infomercial’ for Money-Losing Golf Resort

Mr. Trump, actually, arrived at Turnberry the day after Britons voted in 2016 to go away the European Union, but he spoke about his resort for 15 minutes earlier than he took questions on Brexit at a information convention. He additionally expressed skepticism when requested if the referendum would ship shock waves by the worldwide markets.

“Look, if the pound goes down, they’re going to do more business,” Mr. Trump mentioned then. “When the pound goes down, more people are coming to Turnberry, frankly.”

Although Mr. Trump has claimed to have spent at the least 200 million kilos, about $264 million, on Turnberry to purchase and renovate it since 2014 — a determine that has not been verified independently — the course has but to show a revenue.

In reality, the Turnberry operation has misplaced tens of thousands and thousands of kilos since he bought it, filings in Britain present: about £17 million in 2016, the final 12 months for which such complete information can be found. For 2017, Mr. Trump’s authorities ethics submitting discloses solely how a lot income the course generated — $20.four million — not whether or not it had earned a revenue.

This is just not the primary time that Mr. Trump has visited a Trump-owned resort whereas touring in his capability as president. On a 13-day journey by Asia, the president swung by the Trump International Hotel Waikiki resort for a 10-minute go to.

“The president stopped by the Trump Hotel on his way to the airport,” Sarah Huckabee Sanders, the White House press secretary, mentioned in a press release on the time. “It has been a tremendously successful project, and he wanted to say hello and thank you to the employees for all their hard work.”

An evaluation of that journey by The Associated Press confirmed that Mr. Trump’s stopover price American taxpayers nearly $141,000, or greater than $100 a minute. The president’s resort cease itself price taxpayers $1,000.

Source link