Aberdeen Golf Course founded by outgoing United States President Donald Trump suffered a second year of losses and warned of yet another blow from the Covid turmoil
Trump International Golf Club Scotland (TIGCS) recorded losses of £ 1million for the year ending December 2019, up from a loss of £ 107m the year before
Golf fanatic, M Trump placed the company in a revocable trust after assuming the presidency in January 2017 Its directors include sons Eric Trump and Donald Trump Jr.
The club – which includes two 18-hole courses and a five-star hotel – has yet to release figures for 2020, but said the resort was closed between March and July due to coronavirus restrictions La Social distancing and curfews at restaurants also affected performance
Bosses said: “The severity of the impact on the golf, entertainment and hospitality industry is unprecedented and was not anticipated at the start of the pandemic”
TGCIS is also developing 550 course side homes at Balmedie Reuters has calculated these could generate a profit of $ 150m (£ 109m) if they can be sold at advertised prices
They said, “Trump International’s reputation and status with tour operators and agents across Europe, America and beyond continues to grow as its services and products evolve.
“Green fee prices are increasing every year and membership demand increases with the introduction of new categories and products”
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Ebene News – CA – Donald Trump’s Aberdeen golf course falls deeper into the red