Trump Org Puts DC Hotel Lease Up For Sale Again

The Washington Post reports:

Former president Donald Trump’s company has again hired a broker to sell the lease to its D.C. hotel, according to two people familiar with the discussions, a second attempt to unload the property after the pandemic thwarted a previous effort.

The Trump Organization previously listed the Pennsylvania Avenue hotel, in the federal owned Old Post Office Pavilion, in the fall of 2019. When covid-19 struck, many hotels either closed completely or partially due to government lockdowns, and the company pulled the property off the market.

Now, with Trump under investigation by prosecutors in New York and the economy beginning to take off, his company is trying again, hiring the brokerage firm Newmark Group to market the lease, according to the people, who spoke on the condition of anonymity to share private business discussions.

Read the full article.

WaPo: Former president Donald Trump’s company has again hired a broker to sell the lease to its D.C. hotel, a second attempt to unload the property after the pandemic thwarted a previous effort. https://t.co/10qF24Dryy

— Yamiche Alcindor (@Yamiche) June 1, 2021