Trump Hotel in D.C. sold for $375m

May 12, 2022, 10:38 AM

STORY: The Trump Organization has sold its D.C. hotel

for a record-setting $375 million

to Miami-based CGI Merchant Group

The firm plans to rebrand the property as a Waldorf Astoria hotel

Donald Trump is projected to gain $100 million from the transaction

The Trump International Hotel served as a gathering point

for Trump’s supporters and some foreign government officials

during his time in the White House

It became the focus of conflict of interest allegations

against Trump and his family during his presidency

Critics say outside entities tried to curry favor with Trump

by booking stays and spending money at the hotel

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