Trump International Hotel (Washington, DC)
Trump Completes Sale of Washington Hotel to Investor Group
A spokesman for CGI declined to comment. But since 2020, the hotel has generally seen sparse crowds in its sprawling lobby, including late last week, several days before the closing, when just a few tables were occupied at the lobby bar. “It is a beautiful property,” said David Lentz of Placentia, Calif., who visited the […]
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Trump Settles Suit Over Payments to Hotel for 2017 Inauguration
WASHINGTON — The Trump family business and President Donald J. Trump’s 2017 inauguration committee have jointly agreed to pay $750,000 to settle a lawsuit filed by the attorney general for the District of Columbia, who claimed that the Trump International Hotel in Washington illegally received excessive payments from the inauguration committee. The settlement in the […]
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Checking Out: Trump Hotel Sale Will End an Era
The Trump family took out a $170 million loan from Deutsche Bank in 2014 to finance renovations to the building. But even after that loan is paid off and various payments the family made to cover operating losses are accounted for, the family will generate a profit of about $100 million, House investigators estimated after […]
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Trump to Sell Marquee Washington Hotel for at Least $375 Million
Mr. Trump’s critics filed lawsuits against him, arguing that business that the hotel received from foreign governments violated the so-called emoluments clause of the Constitution, which prohibits federal officials from taking gifts or payments from other governments. Mr. Trump’s company said that it voluntarily did not solicit business from foreign embassies, given the potential accusations […]
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