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.

The company run by Donald Trump’s family 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 $400m, said the sources, who asked not to be named because the details are private...

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