Trump Nears Sale of Washington Hotel to Firm With A-Rod Ties
- Miami firm in talks for property at more than $370 million
- Initial 2019 sales effort was derailed when Covid-19 hit U.S.
The Trump International Hotel in Washington, D.C.
Photographer: Erin Scott/BloombergThis article is for subscribers only.
The Trump Organization is in advanced talks to sell the rights to its Washington hotel in a deal that could bring more than $370 million.
A Miami-based investment firm, CGI Merchant Group, is in negotiations to buy the lease for the hotel on Pennsylvania Avenue, according to people familiar with the effort, who asked not to be identified because the matter is private.