According to US media reports, the real estate company of the US President is considering selling his controversial hotel in the US capital. There is so much criticism of the hotel's high revenue in Washington that the company is ready to sell, the Wall Street Journal quotes the president's son, Eric Trump. There is great interest and the company is always ready to explore different options. According to the report, the Trump Organization is projecting a price of 500 million dollars (450 million euros). Trump leaves the company's management since the election to his sons.
The company has leased the building from the government for a very long time and opened it as a hotel shortly before the 2016 presidential election. The sale would therefore relate to the long-term usage rights, not the building itself. A buyer could operate the hotel for nearly 100 years, according to the Wall Street Journal.
Claims for possible violation of anti-corruption clause
Donald Trump continues to face criticism that foreign diplomats, entrepreneurs, lobbyists, and politicians have descended on the hotel in an attempt to secure the benevolence of the president. Trump himself has visited the hotel several times as president. The New York Times described the hotel as one of the company's most lucrative sources of revenue.
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Trump has been sued several times over the hotel. The allegation: He violated an anti-corruption paragraph of the US Constitution, which denied the President, the adoption of foreign donations, unless the Congress disagrees. The procedures in the case are still ongoing.
The Trump International Hotel is located in central Washington in an old post office building and has over 250 rooms and numerous function rooms.
At the beginning of October, Trump had made headlines with one of his hotels in Florida: he wanted to host the G7 summit of key industrialized countries next year. However, after a storm of indignation over the blending of presidential office and business, Trump backed out a few days later.