Trump is set to money in as his Washington, D.C., hotel is offered out for election night – CNBC

30October 2020

The Trump International Hotel in

Washington, D.C. Adam Jeffery|CNBC President Donald Trump's hotel in Washington, D.C., is set to generate

big dollars on Election Day. Trump's campaign is set up to host a celebration at the Trump International Hotel on election night. Spaces at the 263-room hotel are sold out that night, according to the hotel's site. When CNBC connected to the hotel Friday early morning, a reservation expert confirmed there were no rooms offered for that night.

While the worker might not determine how much the rooms were choosing, the rates for the days preceding and following the night in question provide some hints. On Friday and Saturday, basic visitor spaces are going for over $1,000 per night, and the more pricey suites are opting for simply under $2,000. For days right away following Nov. 4, the rates start at just over $635.

It's unclear whether the president himself will go to the celebrations at the hotel. He said Friday that he has not decided where he will invest the night and suggested the occasion could be moved to the White House.

Nonetheless, Trump's campaign has actually prodded donors to provide some money and win a chance to be at the hotel on election night.

“I've arranged with my team to fly one of my BEST SUPPORTERS to Washington, DC to sign up with Team Trump at the Election Night Party in my favorite hotel,” a current email to fans states, while asking to add to the campaign.

Critics have questioned how the hotel will be able to manage a celebration offered the coronavirus pandemic and Washington's restrictions on events.

The Trump campaign, the Republican National Committee and the Trump Organization, which is presently being run by the president's older sons, did not return requests for remark.

While it's unclear just how much the Trump campaign paid for the event itself, the president's political companies and allies have currently supercharged the leader in chief's hotel properties.

From mid-August through early October, the Trump project invested near to $210,000 on what Federal Election Commission filings refer to as “lodging” throughout the Trump Hotel Collection.

In between Trump's project and his joint fundraising committees with the RNC, Trump homes have actually made over $17 million since his 2016 run for president, according to data from the nonpartisan Center for Responsive Politics.

CRP information reveals that in August, the RNC paid at least $200,000 for space at Trump's hotel in Washington.

However it's not simply Trump's campaign that has actually provided his hotel businesses a jump in revenues.

A report by the Citizens for Responsibility and Ethics in Washington reveals that special interest groups have most likely invested more than $13 million at Trump's company considering that he took office. Estimates by CREW reveal that over 130 unique interest-linked occasions were hosted at Trump's properties. These industries ranged from private jail contractors to payday lenders, CREW says.

Source: cnbc.com

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