<p>Donald Trump's family company is in advanced talks to sell the rights to a prominent Washington hotel in a transaction worth more than $370 million, The Wall Street Journal reported Tuesday.</p>.<p>The Trump business is in talks with CGI Merchant Group, a Miami investment firm, to sell the rights to the lease on the Trump International Hotel Washington DC, the American newspaper reported, citing people familiar with the matter.</p>.<p>The property is owned by the government, but the Trump family signed a contract in 2013 for the rights to the opulent 19th-century building located in a former post office near the White House.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/world-news-politics/fears-of-election-subversion-as-trump-flirts-with-2024-white-house-bid-1036800.html">Fears of 'election subversion' as Trump flirts with 2024 White House bid</a></strong></p>.<p>The contract with the General Services Administration (GSA), a US government agency, had a duration of 60 years with a possible 40-year extension and was awarded after the Trump Organization beat out other leading hoteliers.</p>.<p>The venue was a social hub for leading Republicans during Trump's presidency from 2017 till 2021. President Joe Biden succeeded him last January.</p>.<p>A report released last week by a congressional committee said the hotel lost more than $70 million between its 2016 opening and last year.</p>.<p>The Trump business has contested the findings of the committee, which has been probing the former president's handling of conflicts of interest.</p>.<p>The Trump Organization, CGI and GSA did not respond immediately to requests for comment.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>Donald Trump's family company is in advanced talks to sell the rights to a prominent Washington hotel in a transaction worth more than $370 million, The Wall Street Journal reported Tuesday.</p>.<p>The Trump business is in talks with CGI Merchant Group, a Miami investment firm, to sell the rights to the lease on the Trump International Hotel Washington DC, the American newspaper reported, citing people familiar with the matter.</p>.<p>The property is owned by the government, but the Trump family signed a contract in 2013 for the rights to the opulent 19th-century building located in a former post office near the White House.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/world-news-politics/fears-of-election-subversion-as-trump-flirts-with-2024-white-house-bid-1036800.html">Fears of 'election subversion' as Trump flirts with 2024 White House bid</a></strong></p>.<p>The contract with the General Services Administration (GSA), a US government agency, had a duration of 60 years with a possible 40-year extension and was awarded after the Trump Organization beat out other leading hoteliers.</p>.<p>The venue was a social hub for leading Republicans during Trump's presidency from 2017 till 2021. President Joe Biden succeeded him last January.</p>.<p>A report released last week by a congressional committee said the hotel lost more than $70 million between its 2016 opening and last year.</p>.<p>The Trump business has contested the findings of the committee, which has been probing the former president's handling of conflicts of interest.</p>.<p>The Trump Organization, CGI and GSA did not respond immediately to requests for comment.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>