Trump in talks to sell rights to hotel, says Axios

Iconic building: A file picture showing the Trump International Hotel and Tower in Chicago. It is one of the former president’s most successful property projects, generating revenues from foreign governments that rented space for events. — AP

WASHINGTON: Former President Donald Trump is in talks with hotel chains and investors to sell the leasing rights to his hotel here, according to Axios. The hotel is housed a few blocks from the White House on Pennsylvania Avenue in the Old Post Office building, which Trump leases from the US government.

He would sell the rights to a real estate developer, who subsequently would negotiate with hotel companies that would manage and rebrand it, the website reported, citing sources.