Trump Organization Exploring Sale of Washington, D.C. Hotel

By Anna Breuer on 25 October 2019
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DSC_0313 (3)The Trump Organization, which owns 11 hotels in the United States and abroad, said it is considering the sale of its property in Washington, D.C. amidst a storm of controversy about potential conflicts of interest.

The D.C. property has been a source of controversy since Donald Trump became president. Trump did not divest any of his holdings upon assuming office which has led to charges that he is violating the Constitution’s ban on emoluments, payments by foreign governments, when officials of foreign governments stay at the hotel.

“People are objecting to us making so much money on the hotel and therefore we may be willing to sell,” said Trump Organization vice president Eric Trump in a statement.

The Trump Organization said it has retained real estate firm Jones Lang LaSalle to assist in the sale.

The Trump Organization signed a lease for the building, which is owned by the federal government, in 2013, having won a bidding war that included proposals by top hoteliers including Hilton and Hyatt by offering to spend $200 million to renovate the building, far in excess of what others were willing to offer.

(Photo: Accura Media Group)

Accura News

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