Trump’s company puts D.C. hotel lease up for sale, again

Whether it sells will depend on what price Trump and his family are willing to consider. The Trump Organization put an estimated $200 million into renovating the property, far more than other bidders were willing to offer, and took out a $170 million loan from Deutsche Bank to finance the project. Last time it was up for sale, Eric Trump, the president’s son, said the company was looking for a sales price of around $500 million.

Source: WP