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Washington, D.C. hotel sells for $375m
Transactions - NOVEMBER 15, 2021

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Washington, D.C. hotel sells for $375m

by Andrea Zander

The Trump Organization has reached a deal with the investment fund CGI Merchant Group to sell the lease for the Trump International Hotel in Washington, D.C., for $375 million, reported Wall Street Journal and CNN, citing sources familiar with the matter.

The Trump International Hotel is in an historic building a few blocks from the White House that the Trump Organization leases from the U.S. government. The new owner plans to partner with Hilton World Holdings to rebrand it as a Waldorf Astoria.

Former President Donald Trump's company had been in advanced talks with CGI Merchant Group this fall to sell the lease of the hotel, CNN previously reported.

The hotel is in the city’s second-tallest structure, after the Washington Monument. The building previously housed the U.S. Post Offic

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