Waldorf Astoria will take over the Trump hotel in Washington, DC, when it is sold and renamed.
Washington, D.C.’s Trump International Hotel is housed in the historic Old Post Office, a Romanesque Revival structure that is only a short walk from the White House and the National Mall. The hotel, which has 263 rooms, first opened its doors in 2016, the same year that former President Donald Trump accepted the Republican Party’s nomination to run for president. During his administration, it was a favorite destination for Republicans who came to the city. Visiting diplomats also stayed at the hotel, which received thousands of dollars in travel reimbursements from foreign countries, resulting in a contentious conflict of interest under former President Trump’s administration.
Trump Organization has been seeking for a buyer for the property since it became available in 2019. The TPG Group said in November that the business intended to transfer the lease to CGI Hospitality Opportunity Fund, a Miami-based investment group, for $375 million.
Trump has maintained that the hotel has been profitable during his involvement with it, but an examination by the House Committee on Oversight and Reform found that the business has actually lost more than $70 million since the 2016 presidential election.
As a result of the General Services Administration’s confirmation on Friday that the lease transfer will be allowed to proceed and that the property is set to become a Waldorf Astoria Hotel, the historic building will now be accessible to visitors interested in staying at one of Hilton’s most luxurious brands. As a result, Hilton Honors members will now have the option of utilizing their points to spend time in a well-known edifice in close proximity to the White House. The hotel will also compete with the adjacent Conrad, which is scheduled to open in 2019.
Regardless matter who owns or brands the property, it will always be remembered as a landmark in Washington, D.C., due to the fact that it is the highest hotel in the city and the second-tallest structure in the city, second only to the Washington Monument.
