The federal government has approved a deal for the sale of 45th President Donald Trump’s D.C. Hotel.
His hotel is being sold to the Miami investment fund ground CGI Merchant Group — it includes former MLB player Alex Rodriguez.
The sale is expected to be for $375 million — more than the $200 million that was spent to renovate the place.
The General Services Administration (GSA) approved of the sale of former President Trump’s D.C. hotel to the Miami investment fund ground CGI Merchant Group.
The agency said Friday that “the confirmation was based on an extensive and exhaustive due diligence review of the documentation provided in support of the proposed assignment.”
Trump bought the federally owned Old Post Office building near the White House years ago, but the hotel has recently taken hits with the pandemic and partners pulling out due to the Capitol riot.
The hotel is in the process of being bought by the investment group, which includes former New York Yankees player Alex Rodriguez.
This comes as the Democrats’ witch hunts into Trump continue to fall apart.
The probe into the Trump Organization has officially ended due to the fact that there was no evidence the Trump Organization inflated its assets.
In fact, it has now been found that the Trump Organization actually undervalued its assets.
However, Pomerantz’s claim is being refuted by a source familiar with the probe who spoke to Fox News Digital. The source pointed the network to the former president’s “Statement of Financial Condition,” which is a report detailing an entity’s assets, liabilities, and the ability to raise and use funds.
The source told Fox News that Trump did not artificially inflate his financial statements, as prosecutors anticipated or allege, but rather he actually undervalued his assets.
The source also told Fox News that Trump never defaulted on payments to banks, adding that his statement of financial condition included “caveats” which “refuted” claims by the DA’s office.