A federal government agency has approved the sale of former President Trump's luxury hotel near the White House to a Miami investment fund.
Friday to hand the keys to a Miami investment fund, a last hurdle to a sale that many industry experts doubted would ever go through.
One of Trump’s sons overseeing the business, Eric Trump, declined to comment aside from confirming that the green light from the feds was the last condition to closing the deal.Government ethicists have long criticized Trump for opening the hotel to lobbyists, diplomats and others who may have wanted to influence policy. The hotel has been at the center of several lawsuits and investigations, including one by the House Oversight Committee.
When the new deal is finalized in the coming weeks, the new owners plan to strip the Trump name off the facade and turn the 263-room hotel into a Waldorf Astoria under a separate agreement struck with Hilton, the owner of that luxury brand.
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