Sale of the Washington Hotel Lease

2022-05-11

unresolved

Promised: 2017-01-11Trump's first-term ethics presentation said his business would be managed through a trust and that he would sharply limit business-specific information.Open cited record · 1 source
The record: 2022-05-11The Trump Organization completed the sale of the Old Post Office hotel lease to an investor group.Open cited record · 2 sources2022-05-11The hotel was sold to an investor group and later reopened under the Waldorf Astoria brand.Open cited record · 1 source
Who gained: Trump Organization leaseholding entities
Who paid: CGI Merchant Group investor group
Audit finding: unresolved
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.
Causal strength: documented mechanism

Evidence chronology

promise2017-01-11reported
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
Open underlying ledger entry
action2022-05-11documented
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
Open underlying ledger entry
outcome2022-05-11reported
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
Open underlying ledger entry
limitation2022-05-12reported
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
Open underlying ledger entry

limitation
The cited report gives a gross transaction value, not Trump's net proceeds after financing and transaction costs.