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AP National Business

Trump hotel lost $70M during presidency, got help from bank

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Published 10:25 AM

By BERNARD CONDON
Associated Press

NEW YORK (AP) — Former President Donald Trump’s company lost more than $70 million operating his Washington D.C. hotel while in office. That is according to documents released Friday by a House committee investigating his business. The company had to inject millions into the hotel and get Deutsche Bank to delay payments on a loan tied to the property. The House Committee on Oversight and Reform said financial statements it obtained show the losses came despite $3.7 million in payments from foreign governments, business that government ethics experts say Trump should have refused because it posed conflicts of interest with his role as president.

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