Say goodbye to the Trump International Hotel as it will be rebranded following its sale.
The post Trump International Hotel in Washington D.C. Has Been Sold appeared first on LUXUO.

Image: Unsplash/Christian Lucas

The Trump Organisation has reportedly reached an agreement to sell the rights to its Trump International Hotel in Washington D.C. to CGI Merchant Group for US$375 million according to Wall Street Journal.

The sale is part of a planned deal of the investment firm, and the hotel will be renamed Waldorf Astoria. The management of the new hotel falls under the Hilton Group.

In 2012, the Trump Organisation won approval from the federal government to redevelop the Old Post Office building and opened its doors in 2016, just months before Donald Trump was inaugurated. The luxury hotel is located nearby the White House on Pennsylvania Avenue. It has been on-and-off the market since 2019.
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The sale comes one month after The House of Committee on Oversight and Reform published a report on the hotel’s finances. The former president claimed the hotel made US$150 million while he was in office, but the congressional committee uncovered that it lost more than US$70 million in the four years since opening.

Image: The Trump Organisation

The report also stated that Trump had “concealed potential conflicts of interest” while leasing the hotel. Throughout his presidency, there were reports...