Trump’s Washington, DC hotel was a major source of corruption and cash for his business while he was in office, but now he’s selling it.
Former President Trump is in advanced talks to sell the rights to his Trump International hotel in Washington, DC, sources tell Axios.
Trump would sell the lease rights to a real estate developer, who in turn would negotiate with the hotel companies that would manage the property and change its name.
Details of the terms of the deal are not yet known, but Trump representatives have been in talks with major hotel chains and investors.
Trump is not the owner of the building. He leased from the federal government, and that contract was at the center of several court cases involving possible Emoluments Clause violations when Trump was president.
Trump’s businesses are suffering. He’s been bleeding tenants at Trump Tower, and he has $ 900 million in loans due over the next several years.
Trump selling the DC hotel is pointless if he plans to run and win the White House again. The DC hotel was a way for Republicans and foreign governments to bribe Trump to gain access and influence over policy.
Getting rid of the hotel only makes sense if Trump won’t run for president, or if he doesn’t think he can beat Joe Biden.
Either way, the sale of the DC hotel suggests a worsening of Trump’s financial woes.
Mr. Easley is the managing editor. He is also a White House press group and a Congressional correspondent for PoliticusUSA. Jason has a BA in Political Science. His graduate work focused on public policy, specializing in social reform movements.
Professional Memberships and Awards
Member of the Society of Professional Journalists and the American Political Science Association