Coronavirus forces Trump Organization to shutter 6 top properties, including Bedminster | Layoffs underway

Trump National Golf Club in Bedminster, N.J                  AP

The Washington Post reports President Donald Trump’s private business has shut six of its top seven revenue-producing clubs and hotels as a result of restrictions designed to slow the spread of the coronavirus. Among the half-dozen closing its doors is Trump National in Bedminster, N.J.

So far, the Trump Organization has closed hotels in Las Vegas; Doral, Fla.; Ireland; and Turnberry, Scotland — as well as the Mar-a-Lago Club in Florida and a golf club in Bedminster, N.J. Many of the clubs closed because they had to, under local orders. Others closed on their own, following strong guidance or recommendations from local officials. Those are six of Trump’s top seven revenue-producing clubs and hotels, bringing in about $174 million total per year, according to Trump’s most recent financial disclosures. That works out to $478,000 per day — revenue that is likely to be sharply reduced with the clubs shuttered.

On top of that, Trump’s club in Aberdeen, Scotland appears ready to shut down soon. In addition, Trump has properties in Chicago, New York and Washington which have seen restaurants closed.

The Washington Post also reports the Trump Organization has started layoffs. BLT Prime in Trump’s Doral resort laid off its entire 98-person staff. “In addition, 160 people have been laid off at Trump’s D.C. hotel, at least 51 laid off at Trump’s New York hotel and an unknown number laid off at Trump’s Las Vegas hotel, according to people familiar with those properties.”

Article URL : https://www.nj.com/sports/2020/03/coronavirus-forces-trump-organization-to-shutter-6-top-properties-including-bedminster-layoffs-underway.html

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