Mar-a-Lago Membership Fee Doubles to $200000
- Author: Douglas Reid Jan 27, 2017,
Jan 27, 2017, 0:50
The increase reportedly took effect January 1, and the resort was reportedly weighing the option of raising fees for some time.
The Trump Organization's Mar-a-Lago resort doubled its initiation fee to $200,000 following Donald's Trump election as president, it was reported Wednesday.
The increase, first reported by CNBC and confirmed by club managing director Bernd Lembcke in a Bloomberg interview, could boost the revenues of the Palm Beach club Trump has called the "Winter White House".
The 20-acre resort has a main mansion with more than 100 rooms, along with private quarters for Trump and his family. The Trump organization is now run by his two sons. Today's news does bring one silver lining, though: All indications suggest that despite all this upheaval, Donald Trump's business empire will be just fine.
USA existing home sales fall as supply hits 17-year low
Condo sales also declined year-over-year in December, by 2.5 percent, as the median sale price increased 4.6 percent to $338,500. She also said less people are going to be able to qualify for a home as interest rates go up.
A membership at the resort now includes a chance to mingle with the 45th President.
Donald Trump's Florida resort Mar-a-Lago has been accused of cashing in on his presidential victory. In that sense, the $200,000 initiation fee, coupled with the $14,000 annual fees, is still practically a bargain basement rate for access to the president and his family.
"It's now more cachet", said long-time member Robin Bernstein.