Trump Sells Washington Hotel For $375 Million


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.

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