Trump Family Eyes Reacquisition of D.C. Hotel
Trump Family Eyes Reacquisition of D.C. Hotel

Trump Family Eyes Reacquisition of D.C. Hotel

News summary

The Trump family is in early negotiations to reacquire their former Washington D.C. hotel, previously known as the Trump International Hotel and now operating as a Waldorf Astoria. This move raises concerns about potential conflicts of interest similar to those during Trump's first presidency, where the hotel was criticized for being a site of foreign influence and possible violations of the Emoluments Clause. The hotel, located in the Old Post Office building, was leased by the Trump Organization until its sale for $375 million in 2022. Eric Trump, an executive vice president of the Trump Organization, recently met with executives from BDT & MSD Partners, which controls the lease, to discuss the reacquisition. Critics have expressed alarm at the prospect, given the hotel's history of hosting foreign dignitaries and its role in Trump's alleged mixing of business and political activities. The talks are preliminary and may not result in a sale, but the hotel could be valued at over $300 million if reacquired.

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2
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Last Updated
5 days ago
Bias Distribution
71% Left
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