Reports: Trump selling DC hotel to investment firm for $375M

WASHINGTON (AP) — Donald Trump’s opulent hotel near the White House that drew lobbyists and diplomats seeking favor with the ex-president as well as criticism as a symbol of his ethics conflicts is being sold to a Miami investment group, according to published reports citing anonymous sources.

CGI Merchant Group agreed to pay the Trump Organization $375 million for the rights to the 263-room hotel and has plans to rebrand it as a Waldorf Astoria, according to The Wall Street Journal and The New York Times, citing sources with knowledge of the matter...