Former President Donald Trump is reportedly in advanced negotiations to sell the rights to his Trump hotel in Washington, D.C.
Trump has been trying to sell the property since 2019, but was not able to get his asking price of $500 million.
Trump’s properties have decreased in value and suffered losses since before the pandemic, due to his pariah status after being elected president.
There is a reported $170 million loan on the property, and as of 2017 the Trump Organization has been paying $250,000 a month in rent.
All things considered, it’s probably best if Trump gets as much of his business out of Washington as possible.
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