Trump Organization Sells DC Hotel Lease for $375 Million
The Trump name will no longer adorn DC's Old Post Office.
The Wall Street Journal is reporting that Miami investment firm CGI Merchant Group is in contract to acquire the hotel lease at DC's Trump International Hotel for $375 million.
story continues below
loading...story continues above
"CGI intends to remove the Trump name, and it has reached a deal with Hilton Worldwide Holdings, Inc. to have the property branded and managed by Hilton’s Waldorf Astoria group," The Wall Street Journal said.
The sale is expected to close in the first quarter of 2022.
This article originally published at https://dc.urbanturf.com/articles/blog/trump-organization-sells-dc-hotel-lease-for-375-million/18949.
Most Popular... This Week • Last 30 Days • Ever
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro