WASHINGTON, DC (Reuters) - Republican Donald Trump on Wednesday (Oct 26) attended the official opening ceremony and ribbon cutting for the Trump Hotel in Washington, DC, located just blocks from the White House.

Mr Trump said that with the exception of 1600 Pennsylvania Avenue, the address of the White House, the Trump Hotel was the most valuable piece of real estate in the nation's capital.

The White House hopeful said he had a message for those in the audience: "Under budget and ahead of schedule," Mr Trump said, adding that the project showed how to work with government and "get things done".

The Trump family used golden scissors to cut through an oversized red ribbon and declared the hotel officially open for business.