Trump reportedly on verge of selling rights to D.C. hotel
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
You are now subscribed
Your newsletter sign-up was successful
Former President Donald Trump moved out of the White House in January, and his name may be the next to leave Pennsylvania Avenue.
Per Axios, Trump is reportedly in "advance talks" to sell his rights to the Trump International Hotel, which is housed in Washington's 122-year-old historic Old Post Office building. If a sale goes through, Axios writes, it could serve as "a symbolic bombshell for his opponents" who saw Trump's ownership of the hotel as unethical during his presidency, especially because many of his supporters and allies would use it as a hub of sorts.
There are no details on the potential terms yet, but sources told Axios that Trump will likely get less for the rights than the $500 million he was reportedly looking for when he tried to sell in 2019. Read more at Axios.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
Mexico’s vape ban has led to a cartel-controlled black marketUnder the Radar Cartels have expanded their power over the sale of illicit tobacco
-
Nepal’s fake mountain rescue fraudUnder The Radar Arrests made in alleged $20 million insurance racket
-
History-making moments of Super Bowl halftime shows pastin depth From Prince to Gloria Estefan, the shows have been filled with memorable events
-
Trump wants a weaker dollar, but economists aren’t so sureTalking Points A weaker dollar can make imports more expensive but also boost gold
-
Leadership: A conspicuous silence from CEOsFeature CEOs were more vocal during Trump’s first term
-
The end for central bank independence?The Explainer Trump’s war on the US Federal Reserve comes at a moment of global weakening in central bank authority
-
Can Trump make single-family homes affordable by banning big investors?Talking Points Wall Street takes the blame
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
Phish food for thought: Ben & Jerry’s political turmoilIn the Spotlight War of words over brand activism threatens to ‘overshadow’ the big ice cream deal
-
What a rising gold price says about the global economyThe Explainer Institutions, central banks and speculators drive record surge amid ‘loss of trust’ in bond markets and US dollar
