After touring the Trump hotel recently, Friedman said the building was in “amazing” condition. AD“There’s never been a hotel that’s sold even close to that price per [room] in D.C., and the ones that have sold for the highest prices had no ground lease,” Friedman said. “You would never get $500 million for a ground lease.”Friedman’s company, Friedman Capital, owns two D.C. hotels: the Line Hotel, in Adams Morgan, and Kimpton Glover Park. ADADBy selling his interest in the hotel, Trump would end at least one of those suits, brought by the attorneys general of the District and Maryland. He said he began considering the Trump hotel after Trump’s adult sons, Donald Trump Jr. and Eric Trump, announced in October that they planned to sell it.

Source: Washington Post January 03, 2020 14:00 UTC