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Trump SoHo Planning Layoffs as Room Rates Sink: Report

Room rates are sinking at the five-star Trump SoHo hotel, and up to 15 percent of the housekeeping staff may be laid off soon amid a post-election slump, WNYC reported Wednesday.

Citing sources and documents it reviewed, the radio station said the hotel's conference and event bookings had declined by almost two-thirds in the first five months of this year over last.

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A popular restaurant closed earlier than planned, and room rates are now hundreds of dollars less than other five-star hotels in town. WNYC, citing two sources familiar with the hotel's plans, said up to 12 people from the 80-strong housekeeping staff may be laid off soon.

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The Trump Organization declined to discuss specifics of the hotel's business with WNYC but noted it "continues to receive top accolades."

A number of properties linked to the president have flourished since his election, including a Washington hotel and the Mar-a-Lago resort in Florida. 

To listen to WNYC's report on Trump SoHo, click on the player below. 

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