GSA approves sale of Trump Organization's Washington hotel lease
Source: CNN
GSA approves sale of Trump Organization's Washington hotel lease
By Kara Scannell, CNN
Updated 0009 GMT (0809 HKT) March 26, 2022
(CNN) — The General Services Administration has approved the buyer of the lease for the Trump Organization's luxury hotel in Washington, paving the way for the deal to move forward.
The GSA said it had contracted a third-party consultant to evaluate CGI Merchant Group and its partner Hilton Worldwide Holdings Inc., which will operate the hotel as a Waldorf Astoria property. After a review, it said, it had determined CGI is a "qualified transferee" and Hilton is a "qualified operator," a necessary step for Trump to sell the lease. The GSA said its contracting officer had notified the Trump Organization of its determination on Friday.
The Trump Organization did not immediately respond to a request for comment. A spokesman for CGI declined to comment.
A person familiar with the deal says it is on track and could be announced in the coming weeks.
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Read more: https://edition.cnn.com/2022/03/25/politics/trump-washington-hotel-lease-sale/index.html