Business

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.
HLT,
-0.08%

these people said they have properties that are branded and managed by Hilton’s Waldorf Astoria group.

https://www.marketwatch.com/story/trumps-selling-their-controversial-washington-hotel-for-375-million-11636928096?rss=1&siteid=rss | Trump sells controversial hotel in Washington for $375 million

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