Trump sells his hotel in Washington that will be a Waldorf Astoria

Former President Donald Trump’s hotel company sold its Trump hotel in Washington and will become a Waldorf Astoria. The sale of the property to an investment group would have been $ 375 million.

However, this transaction must be approved by the federal government of the United States, since it is the owner of the property. According to CNN sources, CGI Merchant Group would have a contract to lease the Trump International Hotel located near the White House.

Likewise, CGI Merchant Group would already have the brand with the American hotel company Hilton Worldwide Holdings Inc. to be managed by the Hilton Waldrof Astoria group, as revealed by Listin Diario.

As reported REPORTUR.us, Donald Trump was attacked for allegedly using his position as US president to further his hotel business in Washintong, DC. They point to an alleged preferential treatment from Deutsche Bank for a loan it made to the Trump International Hotel Washington, DC, in addition to the businesses linked with foreign governments to benefit the hotel. (Trump would have used the presidency to further his hotel business.)

Ethics experts believe that Trump should have rejected business with foreign governments and alleged perks because this creates a conflict of interest as the president of the United States.

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