Trump’s DC hotel is officially out of business: report

Yet another Donald Trump business venture has come to an end. "The Trump International Hotel in Washington is now officially out of business after the Trump family on Wednesday completed its sale to a Miami investor group, which plans to reopen it as a Waldorf Astoria," The New York Times reported Wednesday. "The sale formally ended the Trump family’s business presence in Washington, although the family company still owns a golf course in Northern Virginia." "Hotel industry executives have said the hotel underperformed compared with other luxury hotels in the city, particularly since President Donald J. Trump left office, in part because some companies and travelers were reluctant to book rooms or hold events at the hotel given the controversies surrounding Mr. Trump," the newspaper reported. "The hotel, which opened just a few weeks before Mr. Trump was elected president in 2016 after a $200 million renovation of the once-decrepit building, became a gathering place for supporters of Mr. Trump, members of his cabinet, lobbyists, Republicans in Congress and foreign leaders, some of whom were on their way to see Mr. Trump," The Times reported.