Former President Donald Trump is in advanced talks to sell the Trump International Hotel in Washington, D.C., Axios reported on Saturday.
According to the report, “Trump would sell the leasing rights to a real estate developer, who in turn would negotiate with hotel companies that would manage the property and rebrand it.”
“Trump’s representatives have been in talks with major hotel chains and investors,” Axios reported.
The hotel is located just blocks from the White House in the 122-year-old Old Post Office building, which Trump leases from the General Services Administration for approximately $250,000 per month. The agreement was set in 2013, and the GSA said in 2017 that the monthly base rent would rise with