Sale of the Washington Hotel Lease
What happened
promisereported Trump's first-term ethics presentation said his business would be managed through a trust and that he would sharply limit business-specific information.
- Time: Read a Transcript of Donald Trump's Press Conference on Conflicts of Interest2017-01-11 · Counsel Sheri Dillon's ethics-plan statement
actiondocumented The Trump Organization completed the sale of the Old Post Office hotel lease to an investor group.
- U.S. General Services Administration: GSA Confirms CGI as Qualified Transferee in Old Post Office Lease2022-03-25 · Lease-transfer approval and transferee requirements
- Georgia Public Broadcasting: Trump sells Washington hotel to Miami-based investor group2022-05-12 · Opening transaction paragraphs
outcomereported The hotel was sold to an investor group and later reopened under the Waldorf Astoria brand.
- Georgia Public Broadcasting: Trump sells Washington hotel to Miami-based investor group2022-05-12 · Sale price and rebranding paragraphs
limitationreported The cited report gives a gross transaction value, not Trump's net proceeds after financing and transaction costs.
- Georgia Public Broadcasting: Trump sells Washington hotel to Miami-based investor group2022-05-12 · Transaction details
People and organizations
- CGI Merchant Group investor grouppayer
- Trump Organization leaseholding entitiesrecipient
Assessment
The lease sale converted the Washington hotel interest into a documented business transaction; the cited reporting does not allocate the proceeds to Trump personally after debt, taxes, and other obligations.