Sale of the Washington Hotel Lease
- Promised
- Trump'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
- The Trump Organization completed the sale of the Old Post Office hotel lease to an investor group.Open cited record · 2 sourcesThe 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