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Trump's property firm explores buyback of D.C. hotel linked to earlier presidency

share-iconSaturday, January 11 comment-icon1 week ago 6 views
News sources:
theguardianTHEGUARDIAN
Trump's property firm explores buyback of D.C. hotel linked to earlier presidency

Credited from: THEGUARDIAN

  • Donald Trump’s property company is in talks to buy back his Washington hotel, the Trump International, which was sold in 2022.
  • The hotel has been criticized as a venue for illicit influence peddling during Trump’s presidency.
  • Negotiations are reportedly at a preliminary stage, as Eric Trump discussed the deal with BDT & MSD Partners.
  • After its opening in 2016, the hotel fell short on revenue projections, generating only $20 million post-COVID-19.
  • Critics argue the hotel facilitated ethical violations including overcharging for rooms to government officials.

For full article, visit The Guardian.

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