Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375 million with a $285 million loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt.
Source: Inman News
Investment firm loses former Trump hotel to foreclosure auction
Published in commercial buildings, donald trump, hilton, Investing, luxury, luxury lens, luxury_lens, Markets & Economy, Marriott International, News Brief, Select, Trump International Hotel and washington d.c.
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