While the hotel had projected its average daily room rate would be $416, it ended up charging $660.28 on average from January to April, the Journal reported, citing the financial records.
The hotel made a handsome profit of about $2 million during that period after paying rent and other expenses, despite budgeting for an expected $2.1 million loss.
Trump International Hotel made $1.97 million in profit in the first four months of the year, up from an original forecast of a $2.1 million loss, beating expectations by almost 200 percent, according to government data first reported by the Washington Post.
The Trump Organization had projected it would lose $2.1 million during the first four months of 2017 as it established a new hotel and convention business in the nation's capital, according to newly released federal documents. In addition to a 192% increase from revenue expectations, the hotel's room rates were quite a bit higher than management had anticipated. It had an occupancy rate of 44.4 percent, versus an average 69.5 percent occupancy rate for comparable hotels.
Concerns over politicians, foreign nationals, and lobbyists spending their money at Trump properties as a way to curry favor with the USA president is why CREW filed a lawsuit against President Trump alleging that he his involvement with his business empire while in office violates the Emoluments clause of the Constitution.
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Taue also criticised Prime Minister Shinzo Abe's government for what he said were empty promises about working to achieve a nuclear-free world.
The hotel is a few blocks away from the White House near the Washington Mall, and has now become a tourist attraction of its own since Trump became president.
Critics, including government ethics experts and members of Congress, say the president's refusal to divest from his family's sprawling business has created a minefield of conflicts of interests. Rep. Peter DeFazio (D., Ore.) called the arrangement "highly unethical".
Trump denied there are any ethical issues, though the hotel has become a hot spot for Trump operatives, White House staffers, lobbyists and foreign governments. Every month the hotel files a financial record to the General Services Administration.
The Trump Organization won a contract from the federal government to renovate the Old Post office and turn it into a hotel.