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Trump considering sale of controversial Washington DC hotel
The Trump Organization is mulling a sale of its Washington DC hotel, which has been at the center of controversy ever since it opened two years ago.
The Trump International Hotel has been at the heart of emoluments legal action which have dogged Trump’s presidency.
Various lawsuits have accused Trump of illegally profiting from the hotel every time a foreign government delegation stays there.
"People are objecting to us making so much money on the hotel, and therefore we may be willing to sell," said Eric Trump.
"Since we opened our doors, we have received tremendous interest in this hotel and as real-estate developers, we are always willing to explore our options."
The hotel is on the site of the federally owned Old Post Office and it is the lease that could be up for sale.
The Trump Organization didn’t give a price although $500 million has been cited in the media.
Real estate experts say this figure is well overpriced and about half of that would be realistic for the 263-room hotel.
A number of lawsuits claim he is violating the Constitution by accepting payments from foreign governments staying there.
"Removing the Trump Organization from the lease of a taxpayer-owned building is a good place to start to ensure President Trump isn’t making a profit as both landlord and tenant of the Old Post Office Building," said Democratic Rep. Peter DeFazio., who is chairman of the House committee that oversees the department which effectively owns the building.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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