Trump sells controversial hotel in Washington for $375 million

According to people familiar with the matter, Donald Trump’s family hotel company has reached an agreement to sell the rights to the glittering Washington, D.C. hotel for $375 million.

CGI Merchant Group, a Miami-based investment firm, is signing a hotel acquisition deal for the Trump International Hotel, located a short walk from the White House down Pennsylvania Avenue. CGI intends to remove Trump’s name and has reached an agreement with Hilton Worldwide Holdings Inc.

these people said they have properties that are branded and managed by Hilton’s Waldorf Astoria group. | Trump sells controversial hotel in Washington for $375 million


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