The sale of President TrumpDonald TrumpStowaway found in landing gear of plane after flight from Guatemala to Miami Kushner looking to Middle East for investors in new firm: report GOP eyes booting Democrats from seats if House flips MORE’s Washington, D.C., hotel is on hold as the real estate industry comes to a halt amid the coronavirus pandemic.
The Trump Organization announced plans to sell its D.C. property in October, but the market’s collapse in recent weeks has reached Trump’s firm, a company official confirmed to The Washington Post.
"We have toured only the most discerning buyers and are proud to be representing such an iconic asset,” Jeffrey Davis, a sales representative for the Trump Organization, told the Post. "Trump International Hotel, Washington D.C. is one of the finest hotels anywhere in the world and we look forward to working with the Trump Organization on finding the right fit once the industry is back up and running.”
Several of the firm’s major properties in Florida and New Jersey have closed as part of stay-at-home orders imposed by dozens of states.
The $2.2 trillion stimulus bill passed by the Senate last week includes aid for the hospitality industry but Democratic lawmakers included a provision that would bar elected officials and members of the administration benefiting from the package.
Two weeks ago Trump acknowledged that the coronavirus pandemic was hurting his family business.
“I wouldn’t say you’re thriving when you decide to close down your hotels and your businesses,” Trump told reporters at the White House when asked about reports his Trump Organization properties were being adversely affected by the virus.
“I’m very unleveraged in everything, so that’s good,” he added. “But is it hurting me? Yeah, it’s hurting me, and it’s hurting Hilton, and it’s hurting all of the great hotel chains all over the world.”