CGI Merchant Group to Acquire Trump International Hotel Lease
Miami-based CGI Merchant Group is in contract to acquire the 263-room luxury hotel lease for $375 million, according to The Wall Street Journal.
In 2012, the U.S. government awarded a sixty-year lease (with two, twenty-year renewal options) of the Old Post Office Building to The Trump Organization at a rent of $250,000 per month, with annual escalations tied to the CPI.
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Last Updated on November 14, 2021 by Ramin Seddiq