by Phil Hall | Aug 6, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive
The investment firm that acquired the Washington, D.C., hotel formerly operated by former President Donald Trump’s company has lost the property in a foreclosure auction two years after buying it for $375 million. The Wall Street Journal reported Miami-based CGI...
by Phil Hall | Feb 26, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive
CGI Merchant Group, the Miami-based investor that acquired the lease of The Trump International Hotel in Washington, D.C., in 2022 for $375 million, has defaulted on a $285 million loan related to the property. According to a Wall Street Journal report sourced from...