realestate

Trump Organization Pursues Partnership for Washington D.C.'s Waldorf Astoria Hotel

Trump Organization eyeing business deal at Waldorf Astoria Washington D.C.

D
onald Trump's potential return to the White House may not be the only reunion he has planned for Pennsylvania Avenue. The Trump Organization is reportedly considering a business deal involving the Waldorf Astoria Washington D.C., possibly through a licensing agreement or by buying back the lease of the Old Post Office at 1100 Pennsylvania Avenue NW.

    The president-elect is said to be interested in a hospitality investment in the nation's capital, although there has been no formal outreach from the Trump Organization regarding the Waldorf Astoria. Eric Trump stated that if asked, they would "save it again." A Hilton spokesperson declined to comment on the matter.

    In 2022, the Trump family sold the leasing rights of the hotel to CGI Merchant Group for $375 million. However, the Trump Organization never owned the property but leased it from the federal government. The hotel was a source of controversy during Trump's first term due to its popularity among lobbyists and foreign entities.

    CGI lost the leasing rights after defaulting on a $285 million loan last year, leading to a foreclosure action. The Trump Organization then sued CGI for defaulting on a separate $28 million loan. BDT & MSD Partners acquired the leasing rights at a foreclosure auction for $100 million.

Trump Organization seeks partnership for Waldorf Astoria Hotel in Washington D.C.