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#The Wall Street Journal: Trumps selling their controversial Washington hotel for $375 million

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“#The Wall Street Journal: Trumps selling their controversial Washington hotel for $375 million”

Trump name to be removed, Hilton will rebrand and manage it under Waldorf Astoria group

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

CGI Merchant Group, a Miami-based investment firm, is in contract to acquire the hotel lease for the Trump International Hotel, which is located a short walk down Pennsylvania Avenue from the White House. CGI intends to remove the Trump name, and it has reached a deal with Hilton Worldwide Holdings Inc. HLT to have the property branded and…

Craig Karmin

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