Trump Organization to sell Washington hotel for $375 million

The Trump International Hotel in Washington, DC on January 15, 2020. The Trump Organization has reached a deal to sell its Washington hotel lease for $375 million to CGI Merchant Group, which plans to remove ex-president Donald Trump's name from the luxury property's facade, US media reported November 14, 2021. PHOTO/ AFP

The Trump Organization has reached a deal to sell its Washington hotel lease for $375 million to CGI Merchant Group, which plans to remove ex-president Donald Trump's name from the luxury property's facade, US media reported Sunday.
The Miami-based investment fund has struck a separate agreement with Hilton Worldwide Holdings to rebrand the Trump International Hotel as a Waldorf Astoria, according to the Wall Street Journal.
Contacted by AFP, CGI declined to comment. The Trump Organization and Hilton group also did not immediately return requests.

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