Summary : “The former president sold his money-losing hotel in Washington, D.C., to an investment shop connected to former Major League Baseball star Alex Rodriguez and retired boxing champion Floyd Mayweather, thanks to help from a firm tied to computer billionaire Michael Dell. The sale of the Trump D.C. hotel is particularly noteworthy, as Forbes reports that the Trump Organization initially tried to sell it for an “outrageous” sum of $500 million, which independent appraisers say was more than twice its actual worth. While the Trumps never got anyone willing to fork over a half a billion, they did find a Miami-based firm named CGI Merchant Group that took it off their hands for $375, which was still significantly higher than what most analysts believed it was worth. But where things get strange, writes Forbes, is the total secrecy surrounding CGI’s investors.
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