Report: Iconic Trump Hotel Struggles Under New Ownership, To Be Sold Next Month

Report: Iconic Trump Hotel Struggles Under New Ownership, To Be Sold Next Month


Roughly two years after the Trump Organization sold the Trump International Hotel in Washington, D.C., the buyer is facing foreclosure.

The Trump Organization bought the rights to develop what is known as the Old Post Office, located a few blocks from the White House, in 2012, according to the Trump Organization’s website.

On May 11, 2022, CGI Merchant Group bought the property, saying it would rebrand it as a Waldorf Astoria.

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However, CGI has since defaulted on the mortgage from the deal an affidavit filed with the D.C. Recorder of Deeds said, according to Bisnow.

It says that $252.7 million remains owed.

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Breaking: Waldorf Astoria,

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