The Trump Hotel Lease Is Up for Sale Again. Will This Time Go Any Better?
The company s last attempt to offload the property was a total disaster.
Photo of the Trump International Hotel by Jeff Elkins
The Trump Organization is putting the lease for the Trump International Hotel up for sale again, according to the
Washington Post. The former President’s company has hired brokerage firm Newmark Group to market the lease as the DC property comes up as a potential point of interest in Manhattan District Attorney Cyrus R. Vance Jr.’s investigation of Trump and his namesake company.
A warehouse and distribution center in Auburn being leased by Worcester manufacturer Polar Beverages has changed owners.
The 285,437-square-foot facility located at 26 Southbridge St., less than a mile from Polar’s corporate headquarters in Worcester, was purchased by Westbrook Partners, a real estate investment management firm headquartered in New York City, and which maintains offices in Boston, as well as other cities around the United States and globally.
The building was previously owned by GPT Worcester Owner LLC, which is registered to leadership at Link Industrial Properties in New York City.
The sale was brokered by Newmark Group, Inc. of New York, and announced before the purchase was recorded in the Worcester Registry of Deeds. The sale closed on May 24, but Newmark declined to disclose the purchase price.
Trump Organization Puts DC Hotel Lease On The Market: Report - Washington DC, DC - The former president's company has hired a broker to sell the lease, which was last on the market in 2019 for an estimated $500 million.