Trump Organization reportedly selling Washington hotel for $375m
The Trump Organization has reportedly reached a deal to sell its prized Washington hotel for $375m (£279m), BBC News reports.
Under the planned sale, the Trump International will be renamed the Waldorf Astoria and managed by the Hilton group, according to reports.
Last month, a US congressional probe found the hotel lost more than $70m during Donald Trump's presidency.
The former US president's company opened the hotel to the public in September 2016.
The Trump Organization, which bought a 60-year lease on the building, had been looking for buyers for the 263-room hotel since 2019.
The deal with Miami-based investment firm CGI Merchant Group is expected to be finalised in the first quarter of next year, sources told The Wall Street Journal and Bloomberg.
The 120-year-old building stands less than a mile away from the White House on Pennsylvania Avenue.
The Trump Organization won approval to redevelop the historic Old Post Office building in 2012.
It opened as a hotel four years later, just weeks after Mr Trump accepted the Republican Party's nomination to run for president.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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