The Trump International Hotel lost $73 million from 2016 to 2020, according to a House committee audit
Former President Donald Trump's family real estate company is selling the rights to its luxury hotel in Washington, DC, for $375 million, according to aThe lease for the Trump International Hotel will be acquired by the CGI Merchant Group, an investment firm based in Miami, Florida, the report said.
The firm plans to remove the Trump brand name from the hotel, which will be managed by Hilton's Waldorf Astoria group, sources told The Journal.The Trump Organization did not immediately respond to Insider's request for comment.. The hotel has been at the center of allegations that Trump violated the emoluments clause of the Constitution, which stipulates that government officials cannot receive gifts or make a profit from foreign governments.
It also said he had to "inject at least $24 million to aid the struggling hotel" from a holding company that Trump himself owned. The hotel is owned by the federal government, with the lease running nearly 100 years, according to The Journal.Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Trump Organization Finally Sells D.C. HotelTrump and company will reportedly pull in $375 million for the deal after two years of trying to get off their lease from the federal government.
Weiterlesen »
Trump sells off jewel of his hotel empire amid conflict of interest probeA spokesperson for a committee investigating potential constitutional violations over Trump's lease of the hotel said the move wouldn't change anything.
Weiterlesen »
McConnell Schemed to Get Trump Disinvited From Biden's Inauguration: ReportThe top Republican in the Senate was worried Trump might try to disrupt the peaceful transition of power, according to Jonathan Karl’s Betrayal
Weiterlesen »
Middle East activists say that climate can trump politicsGidon Bromberg, Nada Majdalani and Yana Abu Taleb are calling for a “green-blue deal” for the Middle East
Weiterlesen »
McConnell sought to disinvite Trump from Biden’s inauguralFollowing the deadly Jan. 6 riots on Capitol Hill, Mitch McConnell sought to have then-President Donald Trump disinvited from Joe Biden’s presidential inauguration on Jan. 20, a new book reveals
Weiterlesen »