Sale Of Trump’s DC Hotel On Hold As Market Reels

The Washington Post reports:

The commercial real estate industry has ground nearly to a halt because of coronavirus shutdowns, forcing buyers and sellers of major properties, including President Trump’s company, to put their plans on hold.

The Trump Organization, which he still owns, has had to press pause on the proposed sale of its D.C. hotel lease because of the stock market collapse as potential buyers wait for banks and investors to return to normal operations.

The company’s sales representative, Jeffrey Davis of JLL, confirmed to The Washington Post that the proposed sale of Trump’s lease to the federally owned Old Post Office Pavilion has been set aside as the industry recovers.