Donald Trump always knew becoming president would affect his businesses — but we can’t imagine this is what he had in mind.
Trump SoHo was once a Manhattan hot-spot frequently populated by celebrities, limos, and spellbound tourists wishing they could afford a $700 room at the five-star hotel.
But a lot’s changed during the five months into Trump’s presidency — and surprise, surprise — the once poppin’ hotel is now more abandoned than Hillary Clinton‘s stage on election night!
Today, weary travelers can snag a room for less that $400 a night. The once-busy Koi restaurant on the ground floor has left the hotel a month earlier than planned, citing a post-election slump.
Business is SO dismal, in fact, the hotel is planning to layoff a good portion of its staff! According to WNYC, managers are preparing to lay off 12 room attendants out of a staff of 80 and plan to eliminate turn-down service. Sad!
Bookings for corporate events have also sharply declined; last year, the hotel booked 29 large company events between January – May, while this year’s number dwindled to just 11 events.
Though the SoHo hotel may be failing, Trump’s branded properties further down the coast have seen a positive spike since January.
Room rates are rising at Trump International Hotel in Washington, which has become something of a networking hot-spot for people in DC. Trump’s Mar-a-Lago resort-hotel in Florida has even doubled its membership fees, despite reports of
gates to hell sinkholes opening up.
A Trump organization rep didn’t give specifics on the (failing!) Trump SoHo, but the spokesperson brushed off any looming threat of downsizing in a statement:
“As is typical in the hospitality industry, hotel rates and occupancy fluctuate due to factors such as seasonality and macro-economic forces….The hotel continues to receive top accolades.”
The hotel is well liked and has received a certificate of excellence from TripAdvisor. So, you better book now while rates are cheap AF!