Trump sells hotel to Miami group

The lease to the Washington, D.C., hotel run by Donald Trump’s family company while he was president, a symbol of his power to GOP politicians who gathered there and of corruption to his critics, has been sold by his family company to a Miami-based investor fund. The Trump Organization said this week that it had completed the sale of a long-term lease of the Trump International Hotel to CGI Merchant Group of Miami. Sources close to the deal demanding anonymity have said that the price was $375 million, handing the Trump family business perhaps as much as $100 million in profit.