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Trump Turnberry, the Scottish hotel and golf resort owned by Donald Trump, has posted a loss of £3.4m, the fourth year in a row it has posted a loss.
The figures are according to Companies House filings made by the hotel’s parent company Golf Recreation Scotland, although they are a marked improvement on the £17.6m loss it reported the previous year when the hotel was closed for six months due to refurbishment.
Turnover also increased from almost £9m in the year ending 31 December 2016 to £15m in 2017.
In the latest set of accounts, Eric Trump the president’s second son and director of the company, said: “Having seen a decline in turnover of 22% in 2016 due to the resort only being open for six months, 2017 saw an increase in revenue year over year of 70%. It is expected that revenue will continue to increase in subsequent years as the property is re-established as an industry-leading resort.”
He also added that in the “short to medium term”, the resort will reach operating profitability “for the first time in 10 years”.
Since Trump took over Turnberry in 2014, its losses have totalled £33m.
