WSJ: Trump's hotel near the White House will be sold for $ 375 million The Wall Street Journal writes about the sale of one of the chain hotels for $ 375 million.
The Trump International Hotel in question is located next to the White House in Washington, which was occupied by Trump in 2017-2021 … The buyer will be CGI Merchant Group, an investment company based in Miami. CGI plans to strip the hotel of its former sign with the name of the former president: the facility will be transferred under the management of the Hilton chain.
The Trump organization, CGI Merchant and Hilton have not yet commented on the deal. It is known that the Trump Hotel in Washington at one time served as one of the venues for the events of the Republican Party. It is the second tallest structure in the city after the 169-meter Washington Monument. The building was formerly the headquarters of the United States Postal Service.
The Trump International Hotel opened in Washington on September 12, 2016. The renovation of the building that houses the hotel cost Trump's company $ 200 million. The hotel has 263 rooms, including a suite that costs $ 20,000 per night. In 2016, vandals painted the hotel.