DC’s Old Post Office Building, a Former Trump Hotel, Sold to Current Leaseholder
The sale keeps the clock tower open to the public and preserves artwork ownership, while GSA says taxpayers lost about $6 million a year before redevelopment.
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District Links: Feds sell Old Post Office Building to leaseholder; WaPo poll finds majority of DC voters think city is on the wrong track; and more
The U.S. General Services Administration yesterday announced the sale of the historic Old Post Office Building at 1100 Pennsylvania Ave. NW to the existing leaseholders as part of the Trump administration’s efforts to reduce the federal government’s real estate footprint.
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The New York LedgerGSA sells Old Post Office Building in Washington, once home to Trump hotel
The General Services Administration (GSA) on Wednesday announced the sale of the Old Post Office Building located at 1100 Pennsylvania Avenue in Washington, D.C.The building was previously the Trump International Hotel from 2016 to 2022 until the Trump family firm sold the leasing rights for $375 million. The hotel reopened later in 2022 as the Waldorf Astoria Washington D.C., under the management of Hilton.GSA said that its sale of the building…
DC’s Old Post Office building, a former Trump hotel, sold to current leaseholder
The Old Post Office, a Pennsylvania Avenue landmark now home to the Waldorf Astoria hotel and high-end restaurants, has been sold to BDT & MSD Partners, the General Services Administration announced Wednesday.
BDT & MSD Partners Acquires Former Old Post Office Building in Washington, D.C., for $80 Million
BDT & MSD Partners has acquired the former Old Post Office building in Washington, D.C. — now home to the Waldorf Astoria Washington DC — from the federal government for $80 million, according to sources familiar with the transaction. The acquisition gives the merchant bank full ownership of the landmark property and the land beneath it, replacing a long-term lease arrangement that had effectively governed the asset for decades. The historic bui…
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