Iconic Trump Hotel To Be Sold Next Month: Report

By Mike Fishmore | May 28, 2024

Development rights

Approximately two years following the sale of the Trump International Hotel in Washington, D.C., by the Trump Organization, the purchaser is now facing the threat of foreclosure.
 

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Back in 2012, the Trump Organization acquired the development rights to the Old Post Office, a property situated a short distance from the White House, as indicated on the organization's website.
 

Took ownership

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In a transaction finalized on May 11, 2022, CGI Merchant Group took ownership of the property with plans to rebrand it as a Waldorf Astoria establishment.