Donald Trump eyes deal for Waldorf Astoria DC hotel

President-elect Donald Trump plans to save the bankrupt Waldorf-Astoria Hotel in Washington, D.C. and rename it once again the Trump International Hotel, the Post has learned.

Three sources familiar with the matter said the new command-in-chief company, the Trump Organization, was considering options including a licensing deal or even possibly buying out the lease of the 125-year-old government-owned Old Post Office. . building.

Our family saved the hotel once. If we were asked, we would save it again, Eric Trump told the Post in an exclusive interview.

The hotel, seen here during its 2016 grand opening ceremony with President-elect Trump, became a popular meeting place for Republican insiders during his first four years in the White House. The Washington Post via Getty Images

The luxury lodge at 1100 Pennsylvania Ave., just blocks from the White House, became a magnet for GOP insiders, Washington D.C. lobbyists and fundraisers after Trump opened the hotel in 2016.

Republican operatives spent $266,000 there in the first six months alone, according to FEC data.

But visitor numbers plummeted once Hilton, which runs the Waldorf brand, regained control and the real estate mogul ended his ties with the hotel, according to a close source.

The ultra-luxurious resort has 263 rooms. It even includes 35 suites and even a two-story, 6,300-square-foot townhouse with a private entrance.

It remains unclear whether the Trump Organization would want to regain full control of the hotel by buying back the lease it sold in 2022 or agree to a licensing deal, the source said.

Sources close to the property said the president-elect is considering a possible hotel investment in the Washington DC area.

But they added that there has been no official outreach from the Trump Organization about the Waldorf Astoria.

The iconic tower, built in the neoclassical style, has 263 rooms, including 35 suites and a two-story, 6,300-square-foot townhouse with a private entrance. Prices start at around $600 per night.

The Trump Organization sold its 100-year lease on the iconic property in 2022. Waldorf Astoria

A spokeswoman for the Hilton group did not respond to The Post's request for comment.

A possible buyout would also raise questions about the future of the hotel's Bazaar restaurant, run by celebrity chef Jose Andres, a longtime Democratic donor who disparages Trump.

A spokeswoman for the World Central Kitchen boss declined to answer questions when contacted by The Post on Thursday.

Andres withdrew from a deal to open a restaurant at the Trump International Hotel in Washington DC in 2015. He would later work with the renamed Waldorf Astoria. Getty Images for Bloomberg Philanthropies

The Trump Organization sold its 100-year lease in 2022 to a group of Miami-based investors backed by former Yankees slugger Alex Rodriguez for $375 million.

The deal with CGI Merchant Group, announced in November 2021, allowed Hilton to manage day-to-day operations.

But the company lost control of the lease rights to its creditor, investment bank BTD & MSD Partners, in August when it defaulted on its $285 million loan.

With higher interest rates posing challenges for investment, this allowed BTD & MSD Partners to buy out the lease for a reduced price of $100 million in a foreclosure auction.

The Post has contacted CGI for comment.

A spokesperson for BTD & MSD Partners, the merchant bank and investment firm run by former Goldman Sachs executives Gregg Lemkau and Byron Trott, declined to comment.

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