Donald Trump Sells Off Jewel of His Hotel Empire Amid Conflict of Interest Probe

Donald Trump’s flagship hotel in Washington,D.C. is set to be sold off for $375 million, following reports the business is hemorrhaging money and amid an ongoing investigation into his lease of the hotel from the federal government. As part of the deal, CGI Merchant Group is expected to remove Trump’s name from the hotel, which was a key gathering spot for supporters and allies during his time as president. The House Committee on Oversight and Reform found in October that the Trump Organization injected $27 million from other parts of the business and had to get help from a major lender in order to delay payments on a $170 million loan. In 2019, an inspector general report alleged that lawyers for GSA “ignored the Constitution” when deciding to maintain the lease on the hotel. In a statement to The Wall Street Journal, a spokesperson said that the House committee would continue to investigate “conflicts of interest and potential constitutional violations raised by Donald Trump’s lease of this hotel from the federal government” while he was president. “That won’t be fully resolved by selling off this hotel.”

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