Trump Organization puts DC hotel lease on sale again: report
The Trump Organization is making another attempt to sell the lease at its DC hotel after failing to secure a property deal during the pandemic, the Washington Post reported on Tuesday.
The Pennsylvania Avenue hotel became a popular destination for lobbyists and foreign government officials during the former President TrumpDonald TrumpPence: Supreme Court has opportunity to right “historic wrong” with abortion ruling Prosecutor said at trial that actor Jussie Smollett staged a “fake hate crime” overnight Defense and National Security – US and Iran return to negotiating table PLUS, but Trump’s election defeat and the COVID-19 pandemic caused his profits to plummet.
The Trump Organization is hiring brokerage firm Newmark Group to sell the property, two sources told the Post. Trump’s company attempted to sell the lease in the fall of 2019, but was forced to take the list off when the pandemic struck.
Trump rents the government-owned hotel from the General Services Administration. Democrats criticized the agency for failing to track revenue Trump may have received from foreign governments staying at the hotel.
Shortly after the 2016 election, lobbyists representing Saudi Arabia booked around 500 rooms at the hotel in three months. The left-wing Citizens for Responsibility and Ethics in Washington (CREW) watchdog group reported that more than 130 foreign government officials visited the DC Hotel during Trump’s presidency, the highest number of any Trump property. The Trump Organization insisted it did not welcome foreign clients and said it donated foreign profits to the Treasury Department.
The day after Trump left, the Supreme Court dismissed two lawsuits from CREW and Democratic lawmakers alleging that Trump violated the emolument clauses of the Constitution by continuing to profit from his network of properties while he was president. The High Court ruled the cases moot as Trump is no longer president.
New York prosecutors are investigating Trump’s Washington hotel as part of a larger investigation into the former president’s businesses, The Wall Street Journal reported last week. Manhattan District Attorney Cy Vance Jr. has reportedly called a grand jury as part of his investigation into Trump’s businesses, including whether Trump illegally inflated his assets.
Trump called Vance’s investigation “a continuation of the greatest witch hunt in American history” in a statement last week.
Hill has contacted the Trump Organization. Newmark declined to comment.