Trump's hotel revenue went up thanks to trip by Saudi Prince

By Updated at 2018-08-04 05:32:38 +0000


The relationship between the U.S. president Donald Trump administration and Saudi Arabia has been particularly close. Trump’s first trip abroad as president was to Saudi Arabia. In a surprise move, Trump initially praised a blockade of longtime ally Qatar because the Saudis wanted it. Earlier this year, Trump approved a $1 billion arms sale to the Saudis.

Due to a “last-minute visit to New York by the Crown Prince of Saudi Arabia,” General Manager Prince Sanders wrote in a letter in May that was obtained by The Washington Post, the Trump International Hotel in Manhattan, whose revenues had been declining for two years, suddenly experienced a 13 percent spike the first three months of this year.

Maryland Attorney General Brian Frosh told CNBC that Trump’s New York hotel situation is “just another piece of evidence that Donald Trump is violating the nation’s original anti-corruption law: He’s getting payments from foreign governments. Everybody in the country has an interest in being protected from the president prioritizing his bottom line over our interest as a country.”