Trump Organization in advanced talks to sell Washington hotel lease, source says
CNN
Former President Donald Trump's company is in advanced talks to sell the lease for its marquee hotel in Washington, DC, for more than $370 million, according to a person familiar with the matter.
Miami investment fund CGI Merchant Group is in advanced negotiations with the Trump Organization, the person said. As part of the discussions, CGI has held talks with Hilton, the hotel operator it has partnered with in the past, about removing the Trump name from the ornate building steps from the White House and replacing it with another luxury brand name.
The advanced discussions and deal terms were first reported by The Wall Street Journal.
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