Trump Org. turns to Lutnick’s Newmark to revive Washington hotel sale

The Trump Organization is trying once more to sell the lease on its Washington hotel, a potential test of the lodging industry’s comeback and whether the stain of doing business with the former president has receded.

Donald Trump’s family-run firm has turned to Newmark to market the lease on the Trump International Hotel in Washington, according to people with knowledge of the matter. The brokerage, part of billionaire Howard Lutnick’s financial-services empire, is looking to attract offers north of $400 million, said the people, who asked not to be named because the details are private.

The Trump Organization put the 263-room property on the market in October 2019,

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