This article is from the source 'nytimes' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.nytimes.com/2019/10/25/us/politics/trump-hotel-washington.html
The article has changed 7 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Trump Family Considers Selling Hotel in Washington | Trump Family Considers Selling Hotel in Washington |
| (32 minutes later) | |
| WASHINGTON — The Trump family, after nearly three years of controversy and legal fights, is considering selling its Washington hotel that is a few blocks from the White House. | WASHINGTON — The Trump family, after nearly three years of controversy and legal fights, is considering selling its Washington hotel that is a few blocks from the White House. |
| The hotel has become a frequent target of criticism for Mr. Trump and his family because it often hosts foreign diplomats as well as corporate executives seeking approvals from the Trump administration and political groups that are pushing the White House for policy actions, creating questions about conflicts of interest. | |
| “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,” Eric Trump said Friday in a statement, which was first reported by 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 hotel opened in late 2016, just before Mr. Trump was elected president, and quickly became one of the single biggest sources of revenue for the Trump family, according to financial disclosures. It also is one of the few parts of the company that has seen major revenue growth since Mr. Trump took office. | The hotel opened in late 2016, just before Mr. Trump was elected president, and quickly became one of the single biggest sources of revenue for the Trump family, according to financial disclosures. It also is one of the few parts of the company that has seen major revenue growth since Mr. Trump took office. |
| The hotel operates out of a federal building known as the Old Post Office, and the space is leased by the Trump Organization for 60 years. Any transfer of that lease would have to be approved by the federal General Services Administration, which awarded the deal to the Trump Organization after a competition among various bidders. | The hotel operates out of a federal building known as the Old Post Office, and the space is leased by the Trump Organization for 60 years. Any transfer of that lease would have to be approved by the federal General Services Administration, which awarded the deal to the Trump Organization after a competition among various bidders. |
| The hotel is a key part of lawsuits pending against the Trump Organization by at least three groups that argue Mr. Trump is violating the Constitution by accepting payments from foreign governments. | The hotel is a key part of lawsuits pending against the Trump Organization by at least three groups that argue Mr. Trump is violating the Constitution by accepting payments from foreign governments. |
| The Trump family has attempted to address this by sending an annual payment to the Treasury of what it says are any profits from these payments by foreign governments, which it said totaled about $191,538 last year at the Washington hotel and other properties it owns, up from $151,470 the year before. | The Trump family has attempted to address this by sending an annual payment to the Treasury of what it says are any profits from these payments by foreign governments, which it said totaled about $191,538 last year at the Washington hotel and other properties it owns, up from $151,470 the year before. |
| This is a developing story. Check back for updates. | This is a developing story. Check back for updates. |