The official cautioned that the plan is only tentative at the moment.
Press secretary Sean Spicer announced the Palm Beach trip to reporters during the White House press briefing, offering no other details regarding the goal of the trip.
Axios first reported on the Xi Jinping visit.
The Mar-A-Lago meeting is likely to provide a relaxed locale for an important meeting between two world leaders.
Gander Mountain closing Charleston store amid bankruptcy filing
The release also said that the company is in "active discussions with a number of parties" that are interested in the sale. As part of its strategic review, 32 underperforming retail locations will begin a shutdown process in next several weeks.
The summit could mark a change of relations between the two presidents. They spoke on the phone last month, during which Mr Trump told the Chinese President that he will honour the "one China" policy and not challenge China's claim over Taiwan. He has accused China of manipulating its currency to allow its goods to outsell American made products.
The main topics of discussions are expected to include North Korea.
The meeting would also come at a moment of high tension in East Asia as China and South Korea entered into a diplomatic struggle over Seoul's plan to introduce the United States' THAAD (Terminal High Altitude Area Defense) system in the nation.
China has also pledged to implement a more proactive and effective fiscal policy this year, although monetary policy will be more prudent and neutral to prevent asset bubbles and financial risks.