US President Donald Trump’s company The Trump Organization intends to sell its flagship Washington D.C. hotel, the Trump International Hotel, which opened in late 2016 just before Trump was elected.
In a statement on Friday, Eric Trump, Trump’s son and an executive vice president at the company, confirmed the company is exploring the sale of the building.
“People are objecting to us making so much money on the hotel, and therefore, we may be willing to sell,” Eric Trump, said in a statement. ”Since we opened our doors, we have received tremendous interest in this hotel and as real-estate developers, we are always willing to explore our options,” he added.
The Trump Organization said in a statement it will consider offers to buy it out of a 100-year lease of the building, partly to avoid criticism over conflicts of interest.
The company has hired real estate firm Jones Lang LaSalle to consider offers and to market the Trump International Hotel, which is located in the Old Post Office five blocks from the White House.
The Trump Organization operates the hotel under a long-term lease with the General Services Administration.