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December 2, 2016

Lawyers: Trump has to sell D.C. hotel

  • Some legal experts say a lease clause could force Trump to relinquish his equity stake in Trump International Hotel just down the street from the White House.
    • By BERNARD CONDON
    AP Business Writer

    The Trump Organization won the right to lease the Old Post Office building on Pennsylvania Avenue in 2012, beating out several groups. Trump and the GSA took more than a year to hammer out a 60-year lease for its use.

    NEW YORK — It's a glittering jewel in Donald Trump's hotel empire. Securing the rights to use the government-owned building where it is housed took him more than a year of negotiating. The resulting lease itself runs hundreds of pages, complicated and dreadfully dull.


     
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