by Elise Schoening | October 25, 2019

The Trump Organization may sell leasing rights to the Trump International Hotel, its Washington, D.C. property, according to a breaking news report from the Wall Street Journal.

The company, run by President Trump's family, has allegedly hired commercial real-estate firm JLL to investigate and market the sale. The Trump Organization leases the building, the Old Post Office Pavilion, from the U.S. General Services Administration; it is permitted to sell the rights under certain conditions of the 60-year-lease, according to reports.

The news comes one day after a CNN report that the House Transportation and Infrastructure Committee issued a subpoena to the GSA for documents regarding the hotel. Since taking office, Trump has come under continued criticism for not cutting ties with his hotel businesses and possibly violating the emoluments clause of the Constitution. 

The 263-room Trump International Hotel opened in September 2016, following a $200 million renovation of the building. The historic property offers 1,162 square feet of meeting space. 

When news first broke of the potential sale, Eric Trump told the Wall Street Journal, "People are objecting to us making so much money on the hotel, and therefore we may be willing to sell."

This is a developing story.