Sale of Trump's D.C. hotel on hold as commercial real estate industry reels
President Trump's company has paused its efforts to sell its D.C. hotel lease, the company’s sales representative said, citing the market’s collapse as potential buyers wait for banks and investors to return normal operations.
The company has laid off more than 550 workers at its hotels, according to government filings and people familiar with the properties, and occupancy at the D.C. hotel was recently about 5 percent.
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