Trump Considers Disposing of D.C. Hotel to End Legal and Political Disputes
WASHINGTON – The Trump organization is considering selling its lease on the downtown Washington Trump International Hotel to resolve legal and political disputes over its ownership and profits.
Controversy surrounding the hotel is part of an ongoing tide of criticism against the Donald Trump as he faces an impeachment investigation.
The Richmond-based 4th U.S. Circuit Court of Appeals has scheduled a hearing for Dec. 12 on whether Trump is violating his Constitutional duties by profiting from the hotel while he serves as president. The complaint was filed by the attorneys general of the District of Columbia and Maryland.
The Trump Organization acknowledged it was exploring a sale one day after a congressional committee issued a subpoena to the General Services Administration seeking information about its lease of the Old Post Office Building that became Trump International Hotel.
The Trump Organization could gain $500 million from a sale of the lease, according to a Wall Street Journal report.
The General Services Administration granted Trump a 60-year lease on the 121-year-old building, which lies a short walk from the White House. It opened shortly before he was elected as president in 2016 and has become a frequent destination for foreign diplomats and lobbyists doing business with the White House.
“Since we opened our doors, we have received tremendous interest in this hotel and as real-estate developers, we are always willing to explore our options,” Trump’s son Eric said in a statement.
Eric Trump addressed the conflict of interest complaints when he told the Wall Street Journal, “People are objecting to us making so much money on the hotel, and therefore we may be willing to sell.”
The Trump Organization hired the commercial real estate services firm Jones Lang LaSalle to assist in a possible sale of the lease.
Other conflict of interest allegations arose Saturday when The Washington Post reported that a company linked to the president’s brother recently received a $33 million government contract.
Reston, Va.-based CertiPath provides security for federal courthouses and cell blocks. Robert S. Trump, the president’s younger brother, is an investor in CertiPath through an investment partnership, according to company officials.
On June 25, the U.S. Marshal’s Service announced it was giving CertiPath the $33 million contract to provide digital security and online identity verification.
The announcement drew a complaint to the Justice Department from a rival bidder. The complaint says, “The circumstances of this contract award, and what appear to be CertiPath’s efforts to obscure Mr. Robert Trump’s financial interest in the company even as it trades on the Trump name, present the appearance of preferential treatment for those who are close to the President.
The complaint was filed by the Washington, D.C.-based law firm Venable on behalf of an unnamed client.
Robert Trump continues to serve as president of Trump Management, a company listed on President Trump’s financial disclosure form.
In The News
In The News
AUSTIN, Texas – It was a dire situation that Lloyd Armbrust can almost laugh about now. A global pandemic had swept across the United States, a baby was on the way, and Armbrust, hard as he tried, could not find a supply of a critical element... Read More
WASHINGTON — The House of Representatives passed the George Floyd Justice in Policing Act on Wednesday by a margin of 220 in favor and 212 opposed. The bill was named after the Minneapolis man killed during an arrest in May 2020 that sparked protests nationwide. The... Read More
WASHINGTON - A Blue Dog Coalition-backed redistricting reform measure is among the key provisions of the H.R 1, For the People Act bill passed by the House Wednesday night. The language in the bill closely tracks what Rep. Jim Cooper, D-Tenn., included in his John Tanner... Read More
American Home Shield, the Memphis, Tenn.-based home warranty company, has created multi-dimentional renderings of the changes made to the Oval Office by each president since 1909. Posted to the company's website, the renderings of the president's work space are part of its 50th anniversary celebration this... Read More
WASHINGTON - For the first time in its history, the Senate Sergeant-at-Arms office will be led by a team composed entirely of women. Senate Majority Leader Charles Schumer announced Wednesday that retired Army Lt. Gen. Karen Gibson will be the new Senate sergeant-at-arms, taking over as... Read More
The widespread disruptions of COVID led to an unprecedented drop in global greenhouse emissions. However, many post-coronavirus investments are fossil fuel heavy, including those in the U.S., emphasizing the policy commitments that need to be made to capitalize on these emission reductions, said a report from... Read More