Trump Organization to exit NY SoHo hotel
Property's owner buys out management and licensing agreement with US president's family company
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New York
US President Donald Trump's family company said its management and licensing agreement for the Trump SoHo Hotel was bought out by the New York property's owner, marking the second time this year the Trump name will be removed from a hotel-condominium tower.
CIM Group, a Los Angeles-based investment firm, will end the use of Mr Trump's name at the tower in the hip lower Manhattan enclave by the end of the year, the Trump Organization said in a statement on Wednesday.
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