The Trump Organization is eyeing a possible reclamation of the Old Post Office building that is leased as a Waldorf Astoria hotel in Washington, D.C.
According to the New York Post, citing three sources familiar with the matter, the Trump Organization is exploring various possibilities, including a licensing arrangement or a purchase of the lease for the historic Old Post Office building.
The building is 125 years old and government-owned.
"Our family has saved the hotel once. If asked, we would save it again," Eric Trump told the outlet.
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According to the outlet, sources said President-elect Trump is considering hospitality investments in the D.C. region, though there has been no formal communication with Waldorf Astoria regarding a potential deal.
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According to sources, the final decision about whether the incoming president's organization will seek to reclaim the property or pursue a licensing agreement remains pending.
Trump sold the Washington, D.C., hotel's lease in May 2022 to a Miami-based investor fund.
The Trump Organization won rights to fix the building and run it as a hotel in exchange for paying the annual rent and a cut of profit upon a sale.
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The incoming president's organization transformed the historic building into a 275-room luxury hotel.
Fox News Digital has reached out to a Hilton Group for comment.
source https://www.foxbusiness.com/lifestyle/trump-organization-eyes-deal-convert-dc-waldorf-astoria-back-trump-international-hotel-report
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