trending Market Intelligence /marketintelligence/en/news-insights/trending/qWJ7TqWqABXMgHnVq4LcRg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

WSJ: Trump Organization to accept bids for DC hotel until Jan. 23

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

WSJ: Trump Organization to accept bids for DC hotel until Jan. 23

The Trump Organization LLC set a Jan. 23 deadline for interested parties to submit their bids for the Trump International Hotel in Washington, D.C., The Wall Street Journal reported.

The real estate business of U.S. President Donald Trump was originally seeking more than $500 million for the hotel's lease rights, people familiar with the matter told the publication. Potential buyers, however, reportedly were unwilling to spend as much, and brokers said the Trump family is willing to discuss the purchase price and other terms.

The Trump Organization does not own the hotel but leases it from the General Services Administration for a term of almost 100 years, including extensions. A new lease holder could change both the branding and the property manager.

JLL, which is marketing the lease rights, declined to comment on the firms and individuals that have toured the asset. People familiar with the process, however, reportedly said U.S. and foreign private equity firms, wealthy families and hotel operators are likely to bid.

Hilton Worldwide Holdings Inc., Marriott International Inc. and other major hotel brands have also expressed interest, although the people added that most of these brands are more likely to team up with a buyer to manage the hotel than to acquire the lease rights.

A GSA representative did not immediately answer a request for comment from the Journal.