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Trump's Washington hotel lease sold for $375 million

Reporting and findings

  1. reported

    The Trump Organization sold the lease for its Washington hotel to CGI Merchant Group for a reported $375 million, after which the property was rebranded as a Waldorf Astoria.

Summary and current status

The Trump Organization sold the Old Post Office hotel lease to CGI Merchant Group, which removed the Trump name and converted the property to a Waldorf Astoria.

Sale completed and property rebranded

People and organizations

Relationships in this file

  1. Donald J. Trumpwas business principal in $375 million hotel lease saleSale of the Trump International Hotel Washington lease

Money trail

  1. paymentWashington hotel lease sale consideration$375 million
    Paid by / source
    CGI Merchant Group
    Received by
    Trump Organization
    realized · 2022-05-11 · observedRead source record
    Calculation detailsPopulation Reported consideration for the completed sale of the Trump Organization's Washington hotel leasePeriod 2022-05-11 to 2022-05-11Basis Reported sale consideration and completion date from the Associated Press account.Limits Sale consideration is not net profit; debt payoff, transaction costs, taxes, and ownership distributions are not stated.