Donald Trump’s luxury hotel near the White House has received government approval to hand the keys to a Miami investment fund in a sale many industry experts doubted would ever go through.
FILE- This March 11, 2019 photo, shows the north entrance of the Trump International in Washington. Donald Trump's luxury hotel near the White House has received government approval to hand the keys to a Miami investment fund in a sale many industry experts doubted would ever go through.
The deal is a significant victory for the ex-president's company after business partners cut ties following the Jan. 6 Capitol riot by Trump supporters last year. The sprawling real estate company, owner of golf courses, clubs and office towers, had also been reeling from the impact of pandemic shutdowns.
“A sale of the Trump Hotel does not resolve the committee’s grave concerns about former President Trump’s conflicts of interest," said New York Democratic Rep. Carolyn Maloney, the committee's chairwoman. “No one is above the law.”The Trump family is not selling the building itself, but a long-term lease it took out with the federal government in exchange for fixing it up and paying rent.
Other changes are unclear, but if CGI, Rodriguez and the other investors follow the pattern of past deals they've done together, the property could turn from a magnet for supporters of Trump into a liberal-minded, environmentally friendly gathering spot.
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