Trump Organization Gets Final Okay To Sell DC Hotel

The Associated Press reports:

Donald Trump’s luxury hotel near the White House, which drew diplomats, lobbyists and plenty of controversy while he was president, received government approval Friday to hand the keys to a Miami investment fund, a last hurdle to a sale that many industry experts doubted would ever go through.

The $375 million price tag is far more than many expected for a hotel that lost tens of millions of dollars while Trump was president.

Government ethicists have long criticized Trump for opening the hotel to lobbyists, diplomats and others who may have wanted to influence policy. The Trump family is not selling the building itself, but a long-term lease it took out with the federal government in exchange for fixing it up and paying rent.

Read the full article.