The former president’s company previously considered selling the lease to its luxury Washington hotel before covid struck
Former president Donald Trump’s company has again hired a broker to sell the lease to its D.C. hotel, according to two people familiar with the discussions, a second attempt to unload the property after the pandemic thwarted a previous effort.
The Trump Organization previously listed the Pennsylvania Avenue hotel, in the federally owned Old Post Office Pavilion, in the fall of 2019. When covid-19 struck, many hotels closed either completely or partially due to government shutdowns, and the company pulled the property off the market.
Now, with Trump under investigation by prosecutors in New York and the economy beginning to take off, his company is trying again, hiring the brokerage firm Newmark Group to market the lease, according to the people, who spoke on the condition of anonymity to share private business discussions. Continue reading.