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Trump's SoHo hotel where rooms used to cost $700 a night is cutting rates and laying off staff

A review of Trump SoHo on TripAdvisor said the hotel "looks like it's going out of business."

Trump SoHo is taking a beating.

The five-star Manhattan hotel is planning to lay off workers and reduce some of its services, WNYC's Ilya Marritz and Andrea Bernstein reported Wednesday.

The hotel has lost a key tenant. Last month, Grubstreet reported that Koithe highThe restaurant was scheduled to close on June 19 but has reportedly shuttered a month earlier than planned, according to WNYC.

WNYC reported that

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The hotel still has a certificate of excellence from TripAdvisor, which is given to hotels and But a negative review on the site from this month said the hotel "looks like it's going out of business."

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