Trump Organization Closes $375 Million Sale Of D.C. Hotel
ForbesNov 22, 2021
Trump Org. Sells Lease on DC Hotel for Reported $375M
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Image copyright: AP [via Business Insider]
The Facts
The Trump Org., the privately held real estate firm controlled by former Pres. Trump and his family, has closed on the sale of its DC hotel to a Miami-based investor group for a reported $375M.
The Trump International Hotel, located in DC's landmark Old Post Office Building, was a popular gathering spot for Trump supporters during his term in office, but it was also a source of controversy.
The Spin
Left narrative
Trump's DC hotel was a sinkhole of corruption, yet somehow - despite Trump's best efforts to unlawfully profit from the presidency - it was also a money-loser. Now the disgraced former president has managed to sell the lease for far above market prices. It's a good thing that Congress is investigating the matter.
Pro-Trump narrative
The Trump Org. rescued a blighted DC landmark, saving it from demolition and turning it into an architectural gem. Now it's time to bid farewell. Despite years of political harassment, the group has found new investors willing to pay top dollar for their chance to own a piece of DC history.
