Donald Trump may sell Trump International Hotel in DC following

After being hard-hit by the coronavirus pandemic, former president Donald Trump is in advanced talks to sell one of his hotels.

The Trump Organization has hired a brokerage firm to sell the Trump International Hotel in Washington D.C.

According to Axios, details surrounding the deal remain unknown but Trump has been in talks with several major hotel chains.

Analysts expect he will receive less than $500million he requested when he attempted to sell the property back in 2019.

After being hard-hit by the coronavirus pandemic, former president Donald Trump is in advanced talks to sell the Trump International Hotel in Washington D.C. (pictured in Oct. 2016)

Details surrounding the deal remain unknown, however Trump (pictured last month leaving his Trump Tower building in New York) has been in talks with several major hotel chains

Trump currently leases the Pennsylvania Avenue property that houses the hotel. 

The lease was established in 2013 under a 60-year agreement in which the Trump Organization paid a monthly base rent of $250,000 which was set to increase with inflation. 

The Trump International Hotel in D.C. had its soft opening on September 12, 2016 and celebrated it’s grand opening on October 26, 2016, about two weeks before Trump won the presidential election.

However, as seen with most of Trump’s properties, it took significant financial hits after the pandemic broke out. When he left office, the Trump International Hotel in Washington D.C. saw a revenue decrease of more than 60 percent compared to the year prior. 

With the anticipated sale, Trump would be selling the property’s leasing rights to a real estate developer. That company would then negotiate with other hotel companies for management rights.

The five-star hotel, which is located in a 122-year-old former Post Office building, posses suites with 18-foot ceilings and some of the largest hotel rooms in the capital city.

The Trump Organization put in approximately $210million to renovate the property into a hotel.  

The former post office building had a number of uses over the years, including – more recently – as a food court. The National Park Service continues to run a museum on the property, where visitors can ascend the clock tower.

During Trump’s presidency, the hotel housed several lobbyists and supporters and was reportedly a ‘prop and symbol’ for both parties during political wars.

It was also a central location for events and other discussions during his presidency. 

The five-star hotel, which is located in a 122-year-old former Post Office building, posses suites with 18-foot ceilings and some of the largest hotel rooms in the capital city 

The Trump International Hotel Washington D.C. features a spacious lobby and bar area, where allies of the president are often spotted hanging out 

The site also became a prominent location for protesters while Trump was in office. Thousands marched on the property, chanting and holding signs.

During one…