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Trump's DC hotel enters Biden presidency with brand in tumult


Trump’s DC hotel enters Biden presidency with brand in tumult
Patrick Clark and Alex Wittenberg
Bloomberg
Since opening in 2016, the Trump International Hotel in Washington has played a supporting role in the nation’s political drama, hosting lobbyists, right-wing media figures and others trying to win favor with the U.S. president.
Now the property, whose grand design and proximity to the White House stand out among the city’s luxury hotels, is entering the post-Trump presidential era with the Biden administration as its new landlord and questions about its future.
The Trump Organization put the property on the market in October 2019 at an asking price of more than $500 million, but failed to reach a deal as the Covid-19 pandemic devastated the lodging industry. Jones Lang LaSalle Inc., the broker for the 263-room hotel, is no longer working with the company, part of a wider reckoning for the Trump brand as the corporate world shuns the president for his ....

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Trump's D.C. Hotel Enters Biden Era With Brand in Tumult


Trump’s D.C. Hotel Enters Biden Era With Brand in Tumult
Bloomberg
1/15/2021
Patrick Clark and Alex Wittenberg
(Bloomberg) Since opening in 2016, the Trump International Hotel in Washington has played a supporting role in the nation’s political drama, hosting lobbyists, right-wing media figures and others trying to win favor with the U.S. president.
Now the property, whose grand design and proximity to the White House stand out among the city’s luxury hotels, is entering the post-Trump presidential era with the Biden administration as its new landlord and questions about its future.
The Trump Organization put the property on the market in October 2019 at an asking price of more than $500 million, but failed to reach a deal as the Covid-19 pandemic devastated the lodging industry. Jones Lang LaSalle Inc., the broker for the 263-room hotel, is no longer working with the company, part of a wider reckoning for the Trump brand as the c ....

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