The Turnberry golf resort owned by US president Donald Trump ran up its fourth successive year of multi-million-pound losses, company reports have revealed.
A redevelopment of the Alisa course and hotel took place at the resort in South Ayrshire in 2017.
But documents filed to Companies House show Golf Recreation Scotland Limited, the parent company of SLC Turnberry, reported losses of £3.38 million in 2017.
This figure is significantly smaller than the £17.6 million losses posted in the year ending December 31, 2016, when the resort was closed for six months.
Eric Trump, the president’s son and director of the resort, said: ‘Having seen a decline in turnover of 22 per cent in 2016 due to the resort only being open for six months, 2017 saw an increase in revenue year over year of 70 per cent.
‘The directors believe that in the short to medium terms, the resort will have operating profitability for the first time in 10 years.
‘It is expected that revenue will continue to increase in subsequent years as the property is re-established as an industry-leading resort.’
Mr Trump became a director of Golf Recreation Scotland in April 2014 when he purchased the resort.
He resigned directorships of five companies on the day before his inauguration as president, including Golf Recreation Scotland, registered in Aberdeen, Trump International Golf Club Scotland in Edinburgh, and under the name Nitto World Co in London.
On the same day he resigned as director of DT Connect Europe and SLC Turnberry, both registered at Turnberry in Ayrshire.
He handed control of his business empire to sons Donald Junior and Eric.
Mr Trump and his wife Melania stayed at the Turnberry resort during a private leg of their visit to the UK, after the president had meetings with Theresa May and the Queen.
They arrived at the resort on July 13 and spent two nights there, with Mr Trump playing two rounds of golf over the weekend before leaving on Sunday afternoon.
Last December it emerged that Trump Turnberry would no longer qualify for a controversial tax break when a change in the Scottish government’s budget last year removed the South Ayrshire resort from a business rates relief scheme.