The Trump Organization eyes deal to convert DC Waldorf-Astoria back into Trump International Hotel: report
Motel 6’s parent company has been acquired by India’s OYO Hotels in an all-cash deal for $525 million, according to a press release (Source: File).
The Trump Organization is eyeing the possible restoration of an old post office building leased as the Waldorf Astoria Hotel in Washington, DC.
Agreed New York PostCiting three sources familiar with the matter, the Trump Organization is exploring various possibilities, including a licensing deal or buying the historic site’s lease. Old post office the building.
The building is 125 years old and is state property.
“Our family saved the hotel once. If asked, we will save it again,” said Eric Trump.
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The Trump International Hotel in Washington, D.C., at the Old Post Office in Washington, D.C., in 2016. October 30 (AaronP/Bauer-Griffin/GC Images, File/Getty Images)
The Trump International Hotel is located at 1100 Pennsylvania Ave. The building, which was the Old Post Office and Clock Tower, was completed in 1899 and is listed on the National Register of Historic Places. (Jonathan Newton/The Washington Post via Getty Images/Getty Images)
President-elect Trump is considering hospitality investments in the D.C. region, sources said, although there has been no formal contact with the Waldorf Astoria about a potential deal.
TRUMP TO TURN DC’S OLD POST OFFICE INTO A HOTEL
According to sources, the final decision on whether to come the president’s organization will seek to reclaim the property or pursue a licensing agreement remains pending.
The Waldof Astoria, the former Trump International Hotel, in the Old Post Office Building in Washington, DC, 2016. (Kent Nishimura/Los Angeles Times via Getty Images/Getty Images)
Trump sold out Washington, DC, hotel lease in May 2022 to a Miami-based investor fund.
The Trump Organization won the right to renovate the building and operate it as a hotel in exchange for paying annual rent and a cut of the profits from sales.
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The organization of the future president turned the historic building into a 275-room luxury hotel.
Fox News Digital has reached out to Hilton Group for comment.
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