Trump Organization Signs Deal to Sell Hotel in Historic D.C. Post Office Building

By Kurt Stolz on 14 November 2021
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The Old Post Office building in Washington, D.C.

The Trump Organization will sell the lease to what it considered to be the crown jewel of its hotel operation, the luxury property located in the historic Old Post Office Building in Washington, D.C., and the new owners, CGI Merchant Group, an investment firm, will reflag it as a Waldorf Astoria in partnership with Hilton Worldwide.

The news was first reported by the Wall Street Journal on Sunday.

CGI will reportedly pay $375 million for the lease.

The Old Post Office Building is listed on the National Register of Historic Places.

The hotel has 263 guest rooms, 35 of which are suites, including the Trump Townhouse, a 6,300-square-foot (585-square-meter) space with a private entrance.

The property was originally put on the block in the fall of 2019 but the ensuing pandemic thwarted sales efforts.

The hotel itself is located on Pennsylvania Avenue, less than a mile from the White House. That 1899 building was slated for demolition in the 1970s but was spared thanks to a successful campaign by what is now known as the D.C. Preservation League. After a bidding process that included ten formal proposals, the GSA awarded a 60-year lease to the Trump Organization in 2013. The lease required Trump to restore the building’s stonework, original wood milling, and paneling to their original 19th century condition.

What is now referred to as the Old Post Office was built before Congress imposed height limitations in the district in 1910 and is the city’s second tallest building. It stands 315 feet (96 meters) high and is exceeded only by the 329-foot-tall (100-meter-tall) Basilica of the National Shrine of Immaculate Conception.

Neither Hilton nor the Trump Organization responded to a request for comment at press time Sunday evening.

(Photo: Accura Media Group)

 

Accura News

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