Trump Organization closes sale of Washington hotel

Published by
Reuters

(Reuters) – The Trump Organization said on Wednesday that it completed the $375 million sale of the lease on the Trump International Hotel in Washington, D.C. to an investment firm that plans to rebrand the property as the Waldorf Astoria. The business owned by the family of former President Donald Trump bought the rights in 2013 to the hotel, housed inside in the historic Old Post Office Building blocks away from the White House, and renovated it. The building itself is still owned by the federal government. In March, the U.S. General Services Administration, which acts as the federal governm…

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