The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Reprinted with permission from Alternet.

Between the Trump slump and a growing movement to boycott his products, the president’s brand is in free fall—especially in his hometown of New York City.

While membership fees at the Mar-a-Lago resort have doubled, Trump SoHo in Lower Manhattan began planning layoffs shortly after its ground floor restaurant Koi announced its imminent closure last month.

“That sounds to me like a financially troubled hotel,” Jan de Roos, a professor at the Cornell Hotel School, told WNYC when asked about the sharp decrease in corporate events booked at the venue—a steady trend over the course of the past year.

In its report, WNYC found that while “the hotel indeed remains well-liked,” its prices have dropped significantly.

“Today, you can find rooms for under $400 a night, several hundred dollars less than other five-star Manhattan hotels—less even than some four-star hotels,” Ilya Marritz and Andrea Bernstein reported.

A Trump organization spokesperson cited “seasonality and macro-economic forces” when asked about Trump SoHo’s business and declined to provide further details.

“I have to believe that a lot of organizations would not want to have meetings at a Trump Hotel just to not have to deal with it,” de Roos added.

Listen:

Alexandra Rosenmann is an AlterNet associate editor. Follow her @alexpreditor.

This article was made possible by the readers and supporters of AlterNet.

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

FBI attack suspect Ricky Shiffer, right, and at US Capitol on January 6, 2021

(Reuters) - An armed man who tried to breach the FBI building in Cincinnati, Ohio, on Thursday was shot dead by police following a car chase, a gun battle and a standoff in a cornfield northeast of town, officials said.

Police had yet to identify the dead man and during a pair of news briefings declined to comment on his motive. The New York Times and NBC News, citing unnamed sources, identified him as Ricky Shiffer, 42, who may have had extreme right-wing views.

Keep reading... Show less

Donald Trump

Youtube Screenshot

Federal agents were searching for secret documents pertaining to nuclear weapons among other classified materials when they raided former President Trump’s Mar-a-Lago home on Monday, according to a new report.

Citing people familiar with the investigation, the Washington Post reported on Thursday night that some of the documents sought by investigators in Trump’s home were related to nuclear and “special access programs,” but didn’t specify if they referred to the U.S. arsenal or another nations' weapons, or whether such documents were found.

Keep reading... Show less
{{ post.roar_specific_data.api_data.analytics }}