![](\"https:\/\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/06\/old-post-office-building-capitol-01.jpg\")
<\/p>\n <\/p>\n
Check out whats clicking on FoxBusiness.com.<\/p>\n
The General Services Administration (GSA) on Wednesday announced the sale of the Old Post Office Building located at 1100 Pennsylvania Avenue in Washington, D.C.<\/p>\n
The building was previously the Trump International Hotel from 2016 to 2022 until the Trump family firm sold the leasing rights for $375 million. The hotel reopened later in 2022 as the Waldorf Astoria Washington D.C., under the management of Hilton.<\/p>\n
GSA said that its sale of the building included terms that “permanently secured public access to the iconic clock tower while establishing strong protections for the building’s architectural heritage through a binding preservation covenant.”<\/p>\n
The deal also includes a dedicated fine arts covenant that will retain the American public’s ownership of artwork within the facility, including Robert Irwin’s “48 Shadow Planes” and a historic Benjamin Franklin Statue.<\/p>\n
TRUMP REVEALS NEW WHCA DINNER VENUE AFTER SHOOTING CHAOS DERAILED GALA<\/p>\n
The Old Post Office Building is a recognizable landmark on Pennsylvania Avenue. (Kevin Carter\/Getty Images \/ Getty Images)<\/p>\n
GSA’s sale is moving forward under the terms of the existing ground lease, which gives BDT MSD Partners, a merchant bank, the right of first offer.\u00a0<\/p>\n
The Wall Street Journal reported that BDT & MSD Partners acquired the building and land for $80 million, according to people familiar with the matter. The report noted the bank is discussing selling the property for a total of $400 million.<\/p>\n
Hilton currently has a long-term agreement in place with the hotel to operate it as the Waldorf Astoria, and that arrangement would continue with a new leaseholder, the Journal reported.<\/p>\n
TRUMP ORGANIZATION CLOSES $375M SALE OF DC HOTEL THAT WILL BECOME A WALDORF ASTORIA<\/p>\n
The Old Post Office Building contains historic art, including a statue of Benjamin Franklin.\u00a0 (Kevin Dietsch\/Getty Images)<\/p>\n
The Old Post Office Building was completed in 1899 and originally served as the headquarters for the U.S. Post Office Department and the post office for Washington, D.C.<\/p>\n
It is listed in the National Register of Historic Places and its Romanesque Revival architecture makes it one of the most recognizable buildings on Pennsylvania Avenue, featuring a prominent clock tower and atrium. The facility is also located near the White House and other Washington, D.C. landmarks.<\/p>\n
THE TRUMP ORGANIZATION EYES DEAL TO CONVERT DC WALDORF-ASTORIA BACK INTO TRUMP INTERNATIONAL HOTEL: REPORT<\/p>\n
The Waldof Astoria, the former Trump International Hotel at the Old Post Office Building in Washington, D.C., as seen on Aug. 18, 2022. (Kent Nishimura \/ Los Angeles Times via Getty Images)<\/p>\n
According to GSA’s announcement, before the property was redeveloped into a hotel, taxpayers were absorbing about $6 million a year in losses on the building.\u00a0<\/p>\n
Since then, there has been over $250 million in private sector capital invested in the property and taxpayer revenues in the last decade, including the current sale, are expected to exceed $110 million.<\/p>\n
GSA has listed dozens of other federally-owned properties for sale since early last year as the Trump administration looks to reduce federal spending on underutilized office space and real estate.<\/p>\n
GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/p>\n
#GSA #sells #Post #Office #Building #Trump #Hotel #Pennsylvania #Ave<\/p>\n","protected":false},"excerpt":{"rendered":"
Check out whats clicking on FoxBusiness.com. The General Services Administration (GSA) on Wednesday announced the…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[14436,1110,14435,4067,3921,11054,4439,136,721],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/8437"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8437"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/8437\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}