![]() ![]() Business Council, was chaired at the time by Ekim Alptekin, a Turkish businessman who had hired Michael Flynn's consulting firm in 2016 to perform lobbying and research.įired by Trump after a brief stint as national security adviser, Flynn agreed late last year to aid the special counsel's probe of Russian meddling into the 2016 election. and Turkey also booked the Trump hotel last May for an undisclosed amount. Two pro-Turkish organizations that work to aid business and political relations between the U.S. And Kuwait's ambassador booked the hotel for an undisclosed amount last February for an annual gala. Malaysian Prime Minister Najib Razak and other Malay officials also stayed at the hotel last September during an official visit, but no figure was made available for the stay. "'People won't know what you mean.'"Īlthough few records are available showing amounts spent by Trump Organization clients, Justice Department foreign agent records revealed that a public relations firm working with the Saudi government spent $270,000 for lodging and catering at the Trump D.C. Treasury on any profits it earns from foreign government. "I teach hotel finance, and I tell my students, 'Don't ever use the term profit,'" said Hanson, professor of hospitality and tourism management at New York University. By Darren Samuelsohn 06:59 PM EDT The Trump Organization will wait until 2018 to make its first annual donation to the U.S. Some hotel companies, for instance, show lower profits than others because they subtract a host of costs - interest on loans and estimates of future expenses for replacing wallpaper and sheets - that others ignore. The widely varying definitions means some hotels can show big profits, while others show very little, even if they are doing equally well. Hotel management professor Bjorn Hanson said there is no commonly accepted definition of profits in the industry. Senate Committee on Finance, asked the Treasury in a letter sent Thursday to provide details on the payment, including a breakdown of how the payment was processed and whether any conditions were attached to it. Ron Wyden, D-Ore., the ranking member of the U.S. Public Citizen sent a letter to the Trump Organization last month because their methodology would seemingly not provide a donation from any unprofitable properties receiving foreign government revenue. It said it would send the Treasury only profits obviously tied to foreign governments, and not ask guests questions about the source of their money because that would "impede upon personal privacy and diminish the guest experience of our brand." In an eight-page pamphlet provided by the Trump Organization to the House Oversight Committee in May, the company provided more details. It also cited an accounting standard called the Uniform System of Accounts for the Lodging Industry, but that standard doesn't provide a definition for profit, Hanson said. In its statement Friday, it said made its calculation according to "our policy," but didn't say what that policy was. As a privately held company, The Trump Organization isn't required to disclose its definition of profit. ![]()
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