Trump's flagship Scottish resort lost millions last year
Trump's flagship Scottish resort lost millions last year
President Donald Trumpflagship Golf resort in Scotland He has lost millions of dollars for the fourth consecutive year.
Your resort in Turnberry, in the Irish Sea, lost 3.4 million pounds ($ 4.4 million at the current exchange rate) in 2017, despite opening a new course and a renovated hotel, according to a report by the British Companies Companies House. The losses add to the problems of a Scottish golf business that has faced a backlash from protesters against Trump and has been facing regulators and environmentalists for years.
The losses, however, are significantly lower than last year. The complex was closed for six months in 2016, while a hotel and grounds were being remodeled.
The results of Trump's second Scottish golf resort near Aberdeen in the North Sea have yet to be published.
Trump's company has fought since he ventured into Scotland a dozen years ago. He fought with the landowners who refused to sell him and with the regulators who opposed the plans of their buildings. He also recently lost a fight in court to stop a marine wind farm near one of his fields.
The losses at Turnberry come after setbacks at other Trump golf clubs, including declining numbers in their fields in New York City and Los Angeles. Since your business is private, it is not clear how many of your other resorts are doing, and your golf business in general.
Turnberry's losses seem to have been a surprise to some in the company. The resort's general manager told The Guardian newspaper last year that he expected to make a profit in 2017 with much higher revenues.
The president's son, Eric Trump, also had high hopes at that time. In a letter accompanying the resort's financial report in 2016, he said his course had received "excellent reviews" from its guests and that the reopening of the resort will usher in a "new and exciting era" for the company.
Eric Trump is director of the British branch of the Trump Organization that owns the two Scottish tourist centers.
However, his letter in the last financial report was quieter, although he expressed optimism. He wrote that the resort is expected to generate an operating profit in "short to medium term".
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SOURCE LINK ERESVIRAL.COM https://www.beviral.online
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