The Trump International Hotel in Washington, D.C., rights sold for $375 Million.
The Wall Street Journal Reported on Sunday, that CGI Merchant Group, an Investment Firm based in Miami, reached an Agreement with the Trump Organization, for a Lease to the Trump Hotel, located on Pennsylvania Avenue.
CGI Merchant Group has also reportedly, landed a Deal with Hilton Worldwide Holdings, Inc. to Rebrand and Remove Trump's Name from the Property.
Once the Deal is Finalized, the Property will be managed by Hilton's Waldorf Astoria Group.
The Parties involved are expected to Tie-Up the Sale early next year.
The Trump Organization Opened the Hotel, which is located in the Old Post Office, in 2016.
The Property will be Branded as Waldorf Astoria.
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