Fox Business92%
GSA sells Old Post Office Building in Washington, once home to Trump hotel 14%
By Eric Revell74%
6/10/2026, 7:07:15 PM
BS Summary: This article contains 21 faulty reasoning types, including Framing Effect, Halo Effect, and Politically Right Leaning Bias, with Unattributed Quote as the most egregious example at 22% saturation with 99 hits. Analysis detected 782 faulty-reasoning hits from 451 analyzed words, generating a BS Score of 30.5% and a BS Rank of 14% (18,863 of 21,887 articles). This article is better (less manipulative) than 86.20% of the article peer group.
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.
The building was 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.
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."
The deal also includes a dedicated fine arts covenant that will retain the American public's ownership of artwork within the building, including Robert Irwin's "48 Shadow Planes" and a historic Benjamin Franklin Statue.
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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.
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.
Hilton 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.
TRUMP ORGANIZATION CLOSES $375M SALE OF DC HOTEL THAT WILL BECOME A WALDORF ASTORIA
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.
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.
It's also located near the White House and other Washington, D.C., landmarks.
THE TRUMP ORGANIZATION EYES DEAL TO CONVERT DC WALDORF-ASTORIA BACK INTO TRUMP INTERNATIONAL HOTEL: REPORT
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.
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.
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.
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