Topline The Trump Organization is in advanced discussions with a Miami-based investment firm to sell the rights to its Washington, D.C., hotel, a once prominent property that has since devolved into an ethical and financial headache for the ex-president, The Wall Street Journal reported Tuesday. A view of the outside of the Trump International Hotel in Washington, D.C. The Washington Post via Getty Images Key Facts The Journal, in an anonymously sourced report, claimed Trump’s family company is nearing a deal to sell its lease on the Trump International Hotel, located in the Old Post Office near the White House, to Florida’s CGI Merchant Group. The report suggested the deal could fetch anywhere between $370 million and $400 million, roughly $100 million less than what the family initially hoped it would get when it started shopping the sales market two years ago—but still very high for a property that has been bleeding money. CGI Merchant Group, a firm focused on “socially conscious investing,” is also reportedly… Click below to read the full story from Forbes
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Trump Reportedly Close To Selling D.C. Hotel Following Reports Of Large Financial Losses
