{"id":17082,"date":"2021-10-13T23:49:29","date_gmt":"2021-10-13T23:49:29","guid":{"rendered":"https:\/\/thedailyherald.co.uk\/uncategorized\/trump-reportedly-close-to-selling-d-c-hotel-following-reports-of-large-financial-losses\/"},"modified":"2021-10-13T23:49:29","modified_gmt":"2021-10-13T23:49:29","slug":"trump-reportedly-close-to-selling-d-c-hotel-following-reports-of-large-financial-losses","status":"publish","type":"post","link":"https:\/\/thedailyherald.co.uk\/business-markets\/trump-reportedly-close-to-selling-d-c-hotel-following-reports-of-large-financial-losses\/","title":{"rendered":"Trump Reportedly Close To Selling D.C. Hotel Following Reports Of Large Financial Losses"},"content":{"rendered":"

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.\u00a0 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\u2019s 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\u2019s CGI Merchant Group.\u00a0 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\u2014but still very high for a property that has been bleeding money.\u00a0 CGI Merchant Group, a firm focused on \u201csocially conscious investing,\u201d is also reportedly… Click below to read the full story from Forbes
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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.\u00a0 A view of the outside of the Trump International Hotel…<\/p>\n","protected":false},"author":40,"featured_media":17083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[33],"tags":[],"yoast_head":"\nTrump Reportedly Close To Selling D.C. Hotel Following Reports Of Large Financial Losses - The Daily Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thedailyherald.co.uk\/uncategorized\/trump-reportedly-close-to-selling-d-c-hotel-following-reports-of-large-financial-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Reportedly Close To Selling D.C. 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