Last Updated on July 31, 2026 by Daniel Globe
Trump International Hotel Las Vegas does not have one simple, officially published price tag. The property is a condo-hotel with a private hotel interest, individually owned condominium units, and other stakeholders. That structure is why online estimates range from the low hundreds of millions to more than $1 billion, depending on what is being valued.
Quick Answer
As of March 2026, Forbes estimated the Trump-Ruffin-owned hotel and condominium interest at about $146 million, making Donald Trump’s reported 50% share worth about $73 million. That is not the value of every privately owned unit in the 64-story tower, and it is not a formal sale appraisal.
Key Takeaways
- The best recent public estimate is $146 million for the hotel and condo interests attributed to the Trump-Ruffin partnership.
- Donald Trump’s reported half-interest was valued by Forbes at about $73 million.
- The often-repeated $375 million figure belongs to the 2022 sale of the former Trump hotel lease in Washington, D.C., not the Las Vegas property.
- A value for the entire tower would be much harder to calculate because many units have separate owners.
- Revenue, assessed value, construction cost, and market value are different figures and should not be treated as interchangeable.
How Much Is Trump Hotel Las Vegas Worth?
Forbes estimated in March 2026 that Trump International Hotel Las Vegas had a total value of approximately $146 million, with no debt assigned in its estimate. Because Donald Trump’s reported ownership is 50%, Forbes placed the net value of his interest at about $73 million.
This is the most useful recent public estimate for the Trump-Ruffin hotel and condo interest, but it should not be described as an official appraisal or a confirmed sale price. The partnership has not publicly announced a sale of the Las Vegas property, and a buyer has not established a market-clearing price.
A practical current estimate is about $146 million for the Trump-Ruffin interest—not $375 million and not the value of every unit in the tower.
Note: Real-estate values change with hotel earnings, condo sales, interest rates, renovation needs, and buyer demand. Any figure in this article is an estimate as of the source date, not a guaranteed current sale price.
Why the $375 Million Valuation Is Misleading
The original $375 million claim appears to confuse the Las Vegas hotel with a different Trump-branded property. In May 2022, the Trump Organization completed the $375 million sale of the lease for its former Washington, D.C., hotel. That transaction did not involve Trump International Hotel Las Vegas.
The separate claims that the Las Vegas hotel is worth $200 million or $225 million also lack a named appraisal date, valuation method, or supporting source in the original article. Those numbers should not be presented as current facts.
What Exactly Is Being Valued?
Trump International Hotel Las Vegas is not a conventional hotel owned by a single company from top to bottom. It is a condo-hotel. Some units are associated with the hotel operation, while other condominium and timeshare interests have separate owners. A value assigned to the Trump-Ruffin business interest therefore is not automatically a value for the entire physical tower.
Public records and reporting describe the core venture as a 50-50 partnership between Trump-related entities and businessman Phil Ruffin. Donald Trump’s 2026 public financial disclosure lists Trump Ruffin Tower I, LLC as commercial real estate valued at more than $50 million. The same filing reports about $24.93 million in 2025 condo-sale and hotel-related revenue, but it does not provide a complete profit-and-loss statement.
| Figure | What It Represents |
| $146 million | Forbes’ March 2026 estimate for the Trump-Ruffin hotel and condo interest. |
| $73 million | Forbes’ estimated net value of Donald Trump’s reported 50% share. |
| More than $50 million | The broad value range disclosed for Trump Ruffin Tower I, LLC in the 2026 federal financial disclosure. |
| $1.1 billion to $1.7 billion | A highly theoretical 2024 range for acquiring or recreating the entire property under major assumptions. It is not an appraisal or reported transaction price. |
How a Hotel Valuation Is Determined
Professional appraisers usually consider three broad approaches. Each can produce a different answer, especially for a mixed-use condo-hotel.
Income Approach
This method estimates value from the property’s expected cash flow. Analysts examine room revenue, occupancy, average daily rate, food-and-beverage income, spa and meeting revenue, condo sales, management fees, operating expenses, and an appropriate capitalization rate. Public disclosures do not provide all the detail needed to calculate a reliable independent income-based valuation.
Sales Comparison Approach
An appraiser may compare the property with recent hotel, condo-hotel, or luxury-resort transactions. The challenge is finding a true match. Trump Las Vegas is non-gaming, contains separately owned units, and does not offer the casino revenue streams found at many large Strip resorts.
Replacement-Cost Approach
This method estimates the current cost of acquiring comparable land and rebuilding the improvements, then subtracts depreciation and functional or economic obsolescence. It can produce a high theoretical number, but replacement cost does not guarantee that a buyer would pay that amount.
Pro Tip: When comparing online estimates, check whether the number refers to the operating business, the partnership’s remaining units, an individual condo, the whole tower, a tax assessment, or a hypothetical replacement cost.
The Trump Brand’s Influence on the Hotel
The Trump name is central to the property’s marketing and management. The hotel promotes personalized service, luxury accommodations, and a non-gaming, non-smoking environment. Brand recognition can help attract some guests, but it can also affect demand differently across customer groups. Without detailed booking and rate data, it is not possible to prove that the name alone adds a specific dollar amount to the hotel’s value.
A careful valuation would separate the real estate, hotel operations, management agreements, and brand-related benefits or risks. It would also test whether the property could maintain its rates and occupancy under a different brand.
The Amenities and Services Offered
The property’s amenities support room rates and guest demand, but the original table included features the hotel does not advertise, such as on-site tennis courts, villas, and a golf course. The official hotel website currently lists guest rooms and suites, dining, an 11,000-square-foot spa and fitness center, a heated pool, cabanas, and meeting facilities.
| Category | Verified Details |
| Accommodation | Guest rooms, suites, and penthouse suites with floor-to-ceiling windows; some suite categories include kitchen facilities. |
| Dining | DJT Restaurant & Bar, H2(EAU) poolside dining, Coffee Point, and in-room dining. |
| Spa and Wellness | An 11,000-square-foot spa, treatment rooms, salon services, and a fitness center. |
| Recreation | A heated pool with daybeds and air-conditioned cabanas. The hotel does not advertise on-site tennis courts or an on-site golf course. |
| Meetings and Services | Meeting and event venues, concierge support, valet service, pet amenities, and family-oriented programs. |
The Location and Surrounding Attractions
The hotel is at 2000 Fashion Show Drive in Paradise, Nevada, at the north end of the Las Vegas Strip corridor. Its position near Fashion Show Las Vegas, Wynn Las Vegas, and the Las Vegas Convention Center supports both leisure and business demand.
The location offers access to shopping, dining, casinos, entertainment, and convention traffic while giving guests a non-gaming hotel environment. Attractions such as the Neon Museum, the Mob Museum, and Red Rock Canyon require transportation and should not be described as being directly next door.
The Impact of the Hotel on the Las Vegas Market
Trump International Hotel Las Vegas adds a large non-gaming luxury option to a market known for casino resorts. That positioning may appeal to families, business travelers, long-stay guests, and visitors who want quieter public areas while remaining near major Strip attractions.
It is reasonable to say that the hotel broadens the market’s accommodation mix. It is not supportable, however, to claim without evidence that the property forced competing hotels to renovate or single-handedly raised service standards across the Strip.
The Future Plans for Trump Hotel Las Vegas
The hotel’s current official materials focus on ongoing accommodations, dining, spa, pool, and event operations. They do not announce a new tower, a major expansion, celebrity-chef partnership, or a specific smart-room conversion program.
A second matching tower was proposed during the original development period but was put on hold after the credit and real-estate downturn. Until the owners release a dated announcement, expansion and technology-upgrade claims should be treated as speculation rather than confirmed plans.
Potential Investment Opportunities
Trump International Hotel Las Vegas is privately structured, so investors generally cannot buy shares in the hotel through a public stock exchange. Individual condominium units may appear for sale through licensed Nevada real-estate brokers, but purchasing one unit is different from owning part of the hotel-management business or the Trump-Ruffin partnership.
A buyer evaluating a condo should review the unit’s title, homeowners association documents, hotel rental-program terms, management fees, reserve funding, rental history, taxes, insurance, and restrictions on owner use. A prospective buyer of a larger business interest would need access to private financial statements, contracts, and operating data.
Warning: This article provides general information, not investment, legal, tax, or appraisal advice. Do not use an online valuation estimate as the sole basis for buying a condo or investing in a hospitality business.
Frequently Asked Questions
What is the current value of Trump Hotel in Las Vegas?
Forbes estimated the Trump-Ruffin hotel and condo interest at about $146 million in March 2026. It estimated Donald Trump’s reported 50% share at about $73 million. This is a media estimate, not a formal appraisal or confirmed sale price.
Is Trump Hotel Las Vegas worth $375 million?
There is no reliable current source supporting a $375 million Las Vegas valuation. That figure matches the 2022 sale price for the lease of the former Trump hotel in Washington, D.C.
Why do estimates for the Las Vegas hotel vary so much?
Different estimates may value the Trump-Ruffin business interest, unsold condo inventory, individual units, the entire physical tower, tax-assessed parcels, or hypothetical replacement cost. Those are not the same asset.
Who owns Trump Hotel in Las Vegas?
The core hotel and remaining condo venture is reported as a 50-50 partnership between Trump-related entities and businessman Phil Ruffin. The building also contains separately owned condominium and timeshare interests.
Is Trump Hotel Las Vegas profitable?
Public information does not provide a complete current net-profit figure. Donald Trump’s 2026 financial disclosure reports about $24.93 million in 2025 condo-sale and hotel-related revenue for Trump Ruffin Tower I, LLC, but revenue is not the same as profit because expenses are not shown.
Can individuals invest in Trump Hotel Las Vegas?
The hotel partnership is not publicly traded. Individuals may be able to purchase separately listed condominium units, subject to availability and the property’s governing documents. Owning a condo does not necessarily provide ownership in the hotel-management company.
Is assessed value the same as market value?
No. Clark County assessment records are used for property-tax administration and may apply to individual condo parcels. Market value is the price a willing buyer and seller might agree to for a clearly defined interest.
Sources
- Forbes: The Definitive Net Worth of Donald Trump — March 2026 estimate for the Las Vegas hotel and condo interest.
- U.S. Office of Government Ethics: 2026 Annual Financial Disclosure — ownership structure, broad asset range, and reported 2025 revenue.
- Trump International Hotel Las Vegas — official property location, positioning, dining, spa, pool, and guest services.
- Clark County Assessor — example of the tower’s separately assessed condominium parcels.
- Las Vegas Review-Journal: How Much Could Trump Hotel in Las Vegas Sell For? — reporting on the property’s complex condo-hotel valuation.
- Reuters: Trump Organization Closes Sale of Washington Hotel — confirms that the $375 million transaction involved the Washington, D.C., hotel lease.