Trump Could Reclaim Iconic D.C. Real Estate, Reinstall Name Over Nation’s Capital City: Report
The Trump Organization may be in discussions to reacquire the lease for its former flagship hotel in Washington, D.C., according to a recent report by the Wall Street Journal. Eric Trump, an executive vice president at the Trump Organization, reportedly met with executives from merchant bank BDT & MSD Partners, who currently hold the lease. The hotel,once known as the Trump International Hotel,was sold in 2022 for $375 million and is situated in the Old Post Office building,owned by the federal government. The discussions suggest a potential purchase price of over $300 million for the lease rights.
The hotel has faced challenges under its current ownership,including a significant debt situation that led to a foreclosure auction earlier this year. The previous controversy surrounding the hotel included allegations concerning conflicts of interest during Donald Trump’s presidency, as critics pointed out that foreign dignitaries frequented the hotel, allegedly enriching Trump. While Eric Trump declined to comment on whether the Trump name will return to the hotel, he has indicated that it is still too early to determine the outcome of thes discussions.
One of the Trump Organization’s former flagship hotels could be coming back into the fold, according to a new report.
According to the Wall Street Journal, Eric Trump met recently with an executive from merchant bank BDT & MSD Partners.
That bank controls the long-term lease on the former Trump International Hotel, which the Trump Organization formerly operated before selling the lease rights in 2022 for $375 million.
The hotel is located in the Old Post Office building, which is owned by the federal government.
The Journal report said that Eric Trump, who is an executive vice president at the Trump Organization, talked about buying the lease.
🚨BREAKING: Trump is reportedly planning to purchase the Waldorf-Astoria in Washington, D.C., and restore its original name: The Trump International Hotel. pic.twitter.com/MGyHKMKmtL
— Benny Johnson (@bennyjohnson) December 14, 2024
The report said it’s too early to tell if the Trump name will return to the site.
If the Trump Organization moves forward, it could pay upwards of $300 million for the lease rights, the report said.
A May report from Bisnow said that a foreclosure auction had been set for the property because CGI Merchant Group, which bought the lease, had defaulted.
The report said that $252.7 million was owed as of May.
BREAKING 🚨 President Trump reportedly wants to buy the Waldorf-Astoria in Washington DC 🔥
Time to bring back Trump international Hotel
WE ARE SO FREAKING BACK 🇺🇸 pic.twitter.com/2Pzo2O7X76
— MAGA Voice (@MAGAVoice) December 14, 2024
The Journal noted that the hotel was a battleground in Trump’s first term in which Democrats alleged Trump was enriching himself because foreign dignitaries stayed at the hotel.
“It’s too early to tell,” Eric Trump said prior to the election when asked how the Trumps would deal with conflict-of-interest allegations this time around.
The Trump Organization is currently developing a second golf course in Scotland and working on projects in Oman, India, and Indonesia.
The Journal noted that under current ownership, a stay at a suite on a Saturday begins at $1,395 per night.
The Trump Organization bought the rights to develop what’s known as the Old Post Office in 2012 after winning a highly competitive bidding process, according to the Trump Organization’s website.
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