Trump Sells Washington Hotel for $375 Million

Published November 15th, 2021 - 02:03 GMT
Trump Sells Washington Hotel for $375 Million
Back in 2016, Trump's company, which bought a 60-year lease on the historic hotel, opened it to the public. (Shutterstock)
Highlights
Under this planned sale, ex-president Donald Trump's name will be removed from the luxury property's facade.

Miami-based Trump Organization has sealed a deal to sell its Washington hotel lease for $375 million to CGI Merchant Group.

Under this planned sale, which is expected to be finalized in Q1 2022, ex-president Donald Trump's name will be removed from the luxury property's facade.

Back in 2016, Trump's company, which bought a 60-year lease on the historic hotel, opened it to the public.

In other separate agreements struck with Hilton Worldwide Holdings, Trump International Hotel will get rebranded as a Waldorf Astoria, according to the Wall Street Journal.


© 2000 - 2021 Al Bawaba (www.albawaba.com)

You may also like