Donald Trump’s prized property in Washington, D.C., the Trump International Hotel, may soon stop bearing his name.
Trump’s family hotel company has reached an agreement to sell the rights to the famous hotel to an investment group for $375 million, according to The Wall Street Journal.
CGI Merchant Group, an investment firm based in Miami, is in contract to buy the hotel lease. The investment firm is now making a deal with Hilton Worldwide Holdings, which will brand and manage the property under Hilton’s Waldorf Astoria group. So Trump’s name will be coming off the hotel.
This sale is no surprise after the Trump Organization began floating the idea back in 2019.
“Since we opened our doors, we have received tremendous interest in this hotel