A Trump hotel in DC more than quadrupled prices for room bookings around Biden's inauguration

• The Trump International Hotel has posted hiked-up room rates on its website for stays that coincide with President-elect Joe Biden's inauguration ceremony.
• Room rates at the hotel, located in Washington, DC, begin at $2,225 per night around January 20, the day of the inauguration.
• On other days in January, rates begin at $476.

One of President Donald Trump's hotels is trying to profit from guests looking for a room on or near January 20, the inauguration date for Joe Biden.

The website for the Trump International Hotel, located in Washington, DC, shows room rates for days around January 20 begin at $2,225 per night. On other days in January, rates begin at $476.

There is a two-night minimum stay requirement for all guests traveling during the time of the inauguration, according to the hotel website.

Other nearby Washington, DC, hotels are also jacking up prices, according to Politico, which first reported that Trump's hotel is hiking up prices ahead of Biden's inauguration.

Read more: Secret Service experts are speculating in group chats about how Trump might be hauled out of the White House if he won't budge on Inauguration Day

The Trump International Hotel did not immediately respond to Business Insider's request for comment.

Trump has yet to concede to Biden, even though the race was called for the former vice president in early November. Instead, Trump unleashed a series of legal attacks, aiming to question the validity of the election results and allege widespread voter turnout. Of the dozens of lawsuits Trump's filed so far, he won none.

It's unclear whether Trump will attend Biden's inauguration ceremony. The White House declined to comment.

Trump has indicated, however, that he wants to hold a 2024 campaign event on January 20, the same day as Biden's inauguration.

Various Trump allies - including his wife and first lady Melania - have urged the president to concede. Others like Vice President Mike Pence have endorsed Trump's refusal to concede. Just days after the race was called in November, Pence said the Trump administration plans to remain in place for another full term.

Pence asked a judge to stop a lawsuit that sought to give him more power in the upcoming congressional certification process on January 6. The vice president presides over a joint congressional session during which lawmakers officially certify the results of the presidential election.

The lawsuit would have encouraged a federal judge to grant Pence the power to reject results from individual states, potentially giving him the ability to overturn the election in Trump's favor and grant him another full term.