Trump considers selling his Washington DC hotel

Tuesday, 28 Oct, 2019 0

The Trump Organization is mulling a sale of its Washington DC hotel, which has been at the centre of controversy since it opened two years ago.

Various lawsuits have accused Trump of illegally profiting from the Trump International Hotel every time a foreign government delegation stays there.

The president’s son Eric Trump, an executive at the Trump Organization, said: "People are objecting to us making so much money on the hotel, and therefore we may be willing to sell.

"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 Trump is violating the Constitution by accepting payments from foreign governments staying there.

Democratic Peter DeFazio, who is chairman of the House committee that oversees the department which effectively owns the building, said: "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."

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TravelMole Editorial Team

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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