Accommodation near the White House: Trump wants to sell luxury hotel

Tuesday, October 12, 2021

Accommodation near the White House
Trump wants to sell luxury hotel

The Trump International Hotel in Washington is a mecca for supporters of the former US president. Now it is said to change hands. The Trump organization is openly negotiating this with an investment firm – about the glorious purchase price.

According to a report, the Trump organization is in talks to sell a luxury hotel in Washington. The “Wall Street Journal” quoted sources as saying that former US President Donald Trump’s real estate group was in talks with CGI Merchant Group, an investment firm, about the Trump International Hotel.

The deal is said to be worth more than $ 370 million. The large skyscraper adjacent to the White House where the hotel is located is state-owned. In 2013, the Trump organization signed a lease agreement with the US authority in charge.

The Trump International Hotel opened in 2016 and has become a focal point for fans of the real estate billionaire who took over as US president in early 2017. The hotel reported a loss of more than $ 70 million by 2020, according to a report released by the US Congress. This information was rejected by the Trump organization.