The Trump International Hotel has higher room prices than many of its competitors in Washington, D.C., despite having far fewer bookings in 2017 than the average monthly occupancy rate, according to a new CNN analysis.

The hotel, operated by President Trump Donald John TrumpBiden leads Trump by 36 points nationally among Latinos: poll Trump dismisses climate change role in fires, says Newsom needs to manage forest better Jimmy Kimmel hits Trump for rallies while hosting Emmy Awards MORE's family business and located just blocks from the White House, had an average monthly occupancy rate of around 50 percent over the 11 months included in the survey, 27 percentage points lower than the average of its peers.

Analysis of around two dozen luxury hotels in the city by a prominent research firm found that the Trump hotel also charged an average of 40 percent more for rooms per night than the other top hotels, at $559 versus $334 per night.

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The hotel exceeded profitability projections in the first months of Trump's presidency, raking in $1.97 million in the first four months of Trump's tenure despite previously being projected to lose over $2 million during that period. That fueled questions over whether Trump's businesses have benefitted from him being in the Oval Office.

While Trump formally divested his business interests upon entering the White House by turning over management of the company to his two adult sons, the hotel has become a hub for top Trump allies and a destination for many foreign nationals.

The Trump Organization won a lease for the the iconic Old Post Office building in 2013, and was granted permission by the government to develop it into a luxury hotel.