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Donald Trump values Doonbeg golf resort at between $25 million and $50 million

Trump also reports $14,184,974 in “golf related revenue” from the course.

US PRESIDENT DONALD Trump had valued his Doonbeg Golf resort at between $25 and $50 million, in his latest financial disclosure to the US Office of Government Ethics.

In the disclosure, Trump also reports $14,184,974 in “golf related revenue” from the course.

Trump acquired the resort in 2014 for around €8.7 million. It was valued at €23 million by the businessman just one year later in financial disclosures filed with the Federal Election Commission.

Trump resigned as director of the two Irish companies that own and operate the resort before he was sworn in a president.

Doonbeg was the source of some controversy in March after Taoiseach Leo Varadkar made a joke that he had intervened in a planning application for the president in relation to the course when he was Minister for Tourism.

Documents

In the documents, Trump also formally disclosed that he reimbursed his personal attorney more than $100,000 last year, apparently in connection with the payment of hush money to a porn star.

The disclosures do not specify the reason for the payments to Michael Cohen, who paid $130,000 to adult film actress Stormy Daniels in the run-up to the 2016 election.

Daniels, whose real name is Stephanie Clifford, claims she had a tryst with Trump in 2006 while he was married.

The president denies the affair, and initially denied all knowledge of the payment, which Cohen has acknowledged was intended to stop her from going public with the allegations.

Trump’s claim began to unravel early this month, however, after Rudy Giuliani, a new member of the president’s legal team, said Trump the president in fact reimbursed Cohen for the payments to Daniels.

A footnote to disclosures submitted to the Office of Government Ethics said Cohen had incurred “expenses” on Trump’s behalf in 2016 of between $100,001 and $250,000.

“Mr Cohen sought reimbursement of those expenses and Mr Trump fully reimbursed Mr Cohen in 2017,” it said.

Clifford is suing to be released from the hush agreement, claiming it is invalid because Trump never signed it.

Cohen, meanwhile, now finds himself under investigation by federal prosecutors, who seized reams of evidence in raids on his home and office last month, but have not revealed what crimes he is accused of.

He also stands accused of seeking to cash in on his proximity to the president, after it emerged he received millions of dollars from a Russian oligarch and major corporations seeking access to the administration.

The financial documents published today also offered a glimpse of the performance of two of Trump’s flagship hotels: the Trump International Hotel in Washington – which has attracted crowds of lobbyists, lawmakers and foreign governments with business before the federal government, and Trump’s Mar-a-Lago resort in Florida, dubbed the “Winter White House”.

Trump’s hotel in the US capital, which opened in late 2016, took in $40.4 million during 2017 while the Florida resort had revenues of $25.1 million last year.

A prior disclosure made last year covered a 16-month period and showed $37.3 million in revenues for Mar-a-Lago.

With reporting from  © AFP, 2018

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    Mute Dave Hammond
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    May 16th 2018, 10:17 PM

    As anybody in real estate business will tell you – it doesn’t matter what ‘value’ an owner wants to put on their own property – the true ‘value’ or ‘worth’ of a property – is the price somebody is willing to actually pay you for it – all the rest is just a matter of opinion really.

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    Mute Scott Peterson
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    May 16th 2018, 10:23 PM

    @Dave Hammond:
    The seller sets the price.

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    Mute Dave Hammond
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    May 16th 2018, 10:31 PM

    @Scott Peterson: try keep up,

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    Mute bmul
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    May 16th 2018, 10:37 PM

    @Scott Peterson: I want 50 million for my house

    75
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    Mute P.J. Nolan
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    May 16th 2018, 10:38 PM

    @Scott Peterson:
    The market sets the price.
    I could say my four bed bungalow is worth between 25 and 50 million, doesn’t mean I would get it if I put it up for sale.

    61
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    Mute Seamus Mc Meel
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    May 16th 2018, 10:41 PM

    @P.J. Nolan: Scott’s a wee bit slow on the uptake.

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    Mute Brian M
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    May 16th 2018, 10:42 PM

    @bmul: I’ll give you 50 million Bolívar for it

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    Mute Scott Peterson
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    May 16th 2018, 10:48 PM

    @Dave Hammond:
    Actually I was just agreeing with you there Dave….no need to panic.

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    Mute Pearse Mc Mullen
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    May 16th 2018, 11:09 PM

    @Scott Peterson: @Scott Peterson: Bit of a foot in mouth moment in your first comment to Dave above pal,
    but then you actually compound it with a lame excuse as follow up later,
    well done once again.
    learn to stop digging before you reach head height there my old china.

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    Mute Barra O Brien
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    May 16th 2018, 11:13 PM

    @Scott Peterson: My house is worth 75 million, no buyers yet but….

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    Mute Scott Peterson
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    May 16th 2018, 11:26 PM

    @Barra O Brien:
    The seller does actually set the price….based on the market and advice..obviously.
    Jeez, you guys are jumping to some conclusions there.

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    Mute Scott Peterson
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    May 16th 2018, 11:35 PM

    @bmul:
    ’50 million’
    Best of luck. Where you living? Manhattan?

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    Mute Scott Peterson
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    May 16th 2018, 11:36 PM

    @Barra O Brien:
    ’75 million’
    No thanks, I don;t want to live in Finglas.
    Is there a garden?

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    Mute Dave O Keeffe
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    May 17th 2018, 12:08 AM

    @Scott Peterson: eh he clearly said that the buyer sets the price.

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    Mute Scott Peterson
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    May 17th 2018, 1:13 AM

    @Dave O Keeffe:
    Eh? no he didn’t Dave.
    Wot Dave said (the other Dave – not you Dave) is that the seller sets the price but…..’ the true ‘value’ or ‘worth’ of a property – is the price somebody is willing to actually pay you for it’ which is a fairly logical conclusion to arrive at….

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    Mute Gav Quinn
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    May 17th 2018, 11:10 AM

    @Barra O Brien: Properties at that level move slower, it’s to be expected.

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    Mute Scott Peterson
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    May 16th 2018, 10:24 PM

    The Don making Ireland great again.
    MIGA.

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    Mute bmul
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    May 16th 2018, 10:42 PM

    @Scott Peterson: always been great thanks

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    Mute Scott Peterson
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    May 16th 2018, 11:02 PM

    @Jenny Hoppenshaw:
    Vile comment. People have been banned for less here. Don’t worry, you’ll probably survive, you’re on the right side of the fence.

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    Mute Barra O Brien
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    May 16th 2018, 11:15 PM

    @Scott Peterson: Did trump give you personal knee pads or did you save him some money and buy your own? Tell us again how the property market works?

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    Mute Scott Peterson
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    May 16th 2018, 11:25 PM

    @Barra O Brien:
    The seller sets the price…..based on the market obviously.

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    Mute Scott Peterson
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    May 16th 2018, 11:37 PM

    @Barra O Brien:
    You have some bad property experiences during the Celtic Tiger dude?
    My advice:
    Be more realistic next time.

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    Mute FlopFlipU
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    May 16th 2018, 10:15 PM

    25 and50 hardly accurate ,depend’s on who he is bragging to I suppose

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    Mute Peter Cavey
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    May 16th 2018, 10:23 PM

    No way… Golf related revenue…. From a golf course?? Mind. Blown.

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    Mute Philip Murphy
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    May 16th 2018, 11:38 PM

    @Peter Cavey: Ever heard of conferences, shows or other events which may occur at a 5 star hotel? Bed time for you I think!

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    Mute Rory J Leonard
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    May 17th 2018, 6:34 AM

    @Philip Murphy:

    Well the article clearly states the $14.2 m in Revenues ….”from the course”.

    I mean how much does he actually charge… in green fees, to play a round, for the ball markers and other branded merchandise, for the burgers and beer at the 19th, the golf carts and mark-up on the caddie costs!

    Clearly plenty, given it’s a five ⭐️ complex.

    In fact it’s the perfect location for proposed upcoming summit with NK’s “Rocket Man”…near an Int Airport, luxurious secure resort, in a neutral country, and of course the good test of golf for the 3 handicapper President and the keen amateur from NK.

    It has been widely reported the KJU got 6 holes in one during his very 1st game of golf, so The Donald will probably be demanding confirmation of handicap from Golfing Union of NK!

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    Mute Dave Thomas
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    May 17th 2018, 10:54 AM

    @Rory J Leonard: unless it’s a tax scam

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    Mute marg fitzgerald
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    May 17th 2018, 5:23 PM

    @Peter Cavey: Very clean money

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    Mute Hello DAVE!
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    May 16th 2018, 10:16 PM

    Covfefe!

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    Mute Alois Irlmaier
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    May 17th 2018, 2:05 AM
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    Mute Damien Mooney
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    May 16th 2018, 10:32 PM

    Boycott all the following businesses owned by anti-Trump protesters:

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    Mute Frank Lucas
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    May 17th 2018, 11:42 AM

    @Damien Mooney: stupid comment how about people working hotel in Doonbeg. Probably not fans of trump but can’t leave the hotel because of no other jobs in the area.

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    Mute marg fitzgerald
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    May 17th 2018, 5:24 PM

    @Frank Lucas: How well paid are the staff ?

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    Mute Sean Duignan
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    May 16th 2018, 11:03 PM

    Fake news

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    Mute Paul Furey
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    May 17th 2018, 2:03 AM

    @Sean Duignan: Not it’s not

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    Mute Ciaran Dalton
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    May 17th 2018, 12:59 AM

    Tom Jones once said hello back to me. I have a witness. Technically a duet (live version too) Am I worth 50 million?

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    Mute Kal Ipers
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    May 17th 2018, 7:23 AM

    CAB should investigate how Trump paid for the course. His own son admitted the money for golf course purchases was from Russian investment which he has declared. This was years before he was president. Looks like he is money laundering

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    Mute Dave Thomas
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    May 17th 2018, 10:56 AM

    @Kal Ipers: that or tax evasion…..

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    Mute James Mc Loughlin
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    May 17th 2018, 9:22 AM

    Has Trump paid any tax in Ireland on his hotel profits just asking

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    Mute mike scott
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    May 17th 2018, 6:50 AM

    Great guy. Great place.

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    Mute Anthony Ross
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    May 16th 2018, 11:58 PM

    Lier bozo trump

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    Mute Frank Kennedy
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    May 17th 2018, 5:17 AM

    @Anthony Ross: Profile pic – I see you’re still posing in that dress with your gay uncle. Why?

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    Mute David Bonner
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    May 17th 2018, 3:07 PM

    @Frank Kennedy: Take a bow Frank Kennedy

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    Mute Jimmy Cullen
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    May 17th 2018, 12:01 AM

    I did not have sexual relations with that woman!!!
    Go on yea boy yea.

    10
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