m ▁Beach ▁residents ; ▁so ▁the ▁city ▁council ▁rejected ▁his ▁plan ▁to ▁do ▁so . ▁Trump ▁instead ▁turned ▁the ▁estate ▁into ▁a ▁private ▁club . ▁ ▁The ▁new ▁club ▁hosted ▁concert s ▁by ▁C é line ▁D ion ▁and ▁Billy ▁Jo el , ▁had ▁beauty - page ant ▁contest ants ▁as ▁guests , ▁and ▁Michael ▁Jackson ▁and ▁Lisa ▁Marie ▁Pres ley ▁spent ▁their ▁h one ym oon ▁at ▁Mar - a - L ago . ▁Mar - a - L ago ▁has ▁frequently ▁hosted ▁the ▁International ▁Red ▁Cross ▁Ball , ▁an ▁annual ▁" white ▁tie , ▁t ails , ▁and ▁ti ara " ▁event . ▁F ounded ▁by ▁Post , ▁it ▁has ▁a ▁history ▁of ▁attract ing ▁wealth y ▁social ites ▁and ▁amb ass adors ▁from ▁across ▁the ▁world ▁in ▁support ▁of ▁the ▁mission ▁of ▁the ▁American ▁Red ▁Cross . ▁ ▁In ▁May ▁ 2 0 1 9 , ▁it ▁was ▁reported ▁re venue ▁had ▁dropped ▁at ▁Mar - a - L ago , ▁while ▁Trump ' s ▁Washington , ▁D . C ., ▁hotel , ▁which ▁opened ▁months ▁before ▁the ▁ 2 0 1 6 ▁election , ▁had ▁a ▁slight ▁u pt ick ▁in ▁re venue ▁from ▁ 2 0 1 7 . ▁ ▁In ▁ 2 0 1 8 ▁For bes ▁estimated ▁the ▁value ▁of ▁the ▁estate ▁at ▁around ▁$ 1 6 0 ▁million ▁having ▁appreciated ▁greatly ▁throughout ▁the ▁past ▁dec ades ▁since ▁Trump ' s ▁purchase ▁due ▁to ▁several ▁factors ▁such ▁as ▁the ▁extensive ▁renov ation , ▁lav ish ▁features