The Trump SoHo hotel in lower Manhattan is reportedly readying a round of layoffs and has seen a drop-off in bookings for corporate events.
Managers are prepared to cut 12 room attendants out of a housekeeping staff of 80 and eliminate the hotel’s turn-down service, WNYC reported Wednesday.
The hotel’s conference and events business is additionally hurting. WNYC reported the hotel booked 29 large corporate events between January and mid-May last year, compared to 11 events during the same period this year.
A Trump Organization spokesperson declined to detail the Trump SoHo’s business in an email statement to WNYC.
“As is typical in the hospitality industry, hotel rates and occupancy fluctuate due to factors such as seasonality and macro-economic forces,” the spokesperson said. “The hotel continues to receive top accolades.”
Trump SoHo’s Koi Restaurant in April announced it was closing down, citing a business slump.
“Obviously, the restaurant is closing because business is down,” Suzanne Chou, the Koi Group’s general counsel, told Grub Street.
“I don’t think anyone would volunteer to close a business if they were making money. Beyond that, I would prefer not to speculate as to why, but obviously since the election it’s gone down.”
President Trump has tried distancing himself from his vast business empire since entering office in January.
Trump has repeatedly come under fire from critics who say his business interests present a conflict of interest with his presidency.