Donald Trump’s family-run company reached a deal to sell the rights to its Washington, D.C. hotel for $375 million, after which the property will be branded as Waldorf Astoria, according to people familiar with the matter.
A Miami-based investment firm, CGI Merchant Group, is in contract to acquire the hotel lease for the Trump International Hotel, situated less than a mile away from the White House on Pennsylvania Avenue, the people said, who declined to be identified because the matter is private. The transaction is expected to be completed in the first quarter, they said.
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November 15, 2021 at 04:59AM
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Trump's Washington Hotel to Be Sold, Renamed Waldorf Astoria - Bloomberg
"sold" - Google News
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