(ANSA) – NEW YORK, MAY 12 – Farewell to the Trump International Hotel in Washington, which officially closed after the family of the former US president completed the sale to a group of Miami investors, who plan to reopen it as a Waldorf Astoria. The New York Times reports it.
The deal with CGI Merchant Group for a stated price of $ 375 million only covers the management of the hotel, which is housed in a federally leased building on Pennsylvania Avenue between the White House and the Capitol.
“We took a dilapidated and underused building and turned it into one of the most iconic hotels in the world,” said Eric Trump, son of The Donald and executive vice president of the Trump Organization, announcing the completion of the sale.
The new owners immediately began removing the Trump signs, starting with the one above the main entrance. The 263-room hotel, which opened just weeks before the tycoon was elected president in 2016, has become a gathering place for his supporters, cabinet members, lobbyists and Republicans in Congress after a $ 200 million renovation. . However, according to hotel industry executives, it has outperformed other luxury hotels in the city, particularly since Trump left the White House, in part because some companies and travelers were reluctant to book rooms or organize events given the controversies. surrounding the former president. Factors that most likely contributed to the decision to sell the lease.
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Source: Ansa
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