Trump’s Washington hotel to be sold, renamed Waldorf Astoria
By Gillian Tan and Yueqi Yang, Bloomberg News Troy Warren for CNT #Business Donald Trump’s family-run company reached a deal to sell the rights to its Washington, D.C., hotel for $375 million, after which the property will be branded as Waldorf Astoria, according to people familiar with the matter. A Miami-based investment firm, CGI Merchant Group, is in contract to acquire the hotel lease for the Trump International Hotel, situated less than a mile away from the White House on Pennsylvania Avenue, said the people, who declined to be identified because the matter is private. The transaction is expected to be…