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URLhttps://people.com/politics/trump-washington-hotel-sold-375-million-signs-removed/
Last Crawled2026-04-21 10:27:00 (2 hours ago)
First Indexed2022-05-12 16:35:58 (3 years ago)
HTTP Status Code200
Meta TitleTrump Signs Removed After Family's D.C. Hotel Sells for $375 Million
Meta DescriptionA Miami-based investment group quickly got to work on plans to re-brand and re-open the hotel that it paid top dollar to run
Meta Canonicalnull
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Donald Trump 's family business completed the sale of a long-term lease on the Trump International Hotel in Washington on Wednesday to a Miami-based investor group for a reported $375 million. A crew was seen at the property after dark Wednesday, removing the Trump-branded signs a letter at a time, starting with the gold-plated family name above the hotel's main entrance. The buyers, CGI Merchant Group, reportedly plan to reopen as a Waldorf Astoria run by Hilton. The building, located on Pennsylvania Avenue between the White House and the Capitol, is a D.C. landmark that was completed in 1899 to hold the city's post office and the U.S. Post Office Department headquarters. The sales price covers rights to operate the 263-room hotel within the Old Post Office building which is leased from the federal government. Washington real estate players are reportedly surprised at the high price tag of a hotel that lost more than $70 million during the four years of the Trump presidency. In 2020, the average price of a hotel in D.C. was $354,000 per room, The New York Times reports , while the Trumps sold theirs for what adds up to be well over $1 million per room. The family could make as much as $100 million in profit from the sale, sources close to the private deal told the AP . After completing a $200 million renovation, the hotel opened before the 2016 election that sent Trump to the White House, according to the Times . Andrew Harrer/Bloomberg via Getty Images "We took a dilapidated and underutilized building and transformed it into one of the most iconic hotels in the world," Eric Trump , the former president's son and an executive vice president at the Trump Organization, said in a statement announcing the deal. During the Trump's four-year term, the hotel became a hub for the president's supporters, administration officials, lobbyists, Republican lawmakers, campaign staffers and visiting foreign dignitaries who would have paid for rooms, drinks, food and other services. Critics said this created perpetual ethics issues. House Democrats in Oct. 2021 revealed findings of an investigation into Trump's personal business dealings during his time in the White House, citing the Constitution's emoluments clause, forbidding a president from personally benefiting from foreign powers. The investigators said their analysis showed Trump's hotel had "received an estimated $3.7 million in payments from foreign governments" from 2017 through 2020. Trump, for his part, has long insisted maintaining his businesses while president was a burden, not a blessing. He claimed in 2019 his political turn had cost him at least $2 billion.
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[![Zoe Kravitz; Taylor Swift ]() ![Zoe Kravitz; Taylor Swift ](https://people.com/thmb/-sKM41pM6M32LCbURVVcw3OK3qg=/800x533/filters:no_upscale\(\):max_bytes\(150000\):strip_icc\(\)/zoe-kravitz-taylor-swift-042026-470e461a268c49dea8deb1fbf74c69ae.jpg) 2 Zoë Kravitz Is Invited to Taylor Swift and Travis Kelce's Upcoming Wedding Despite Rumors: Source](https://people.com/zoe-kravitz-invited-taylor-swift-travis-kelce-wedding-11954581) - [![Thoughts on Love on The Spectrum S4]() ![Thoughts on Love on The Spectrum S4](https://people.com/thmb/2DWjBl7iIwo5Q82s03d88ukYCfM=/800x533/filters:no_upscale\(\):max_bytes\(150000\):strip_icc\(\)/abbey-romeo-mom-cousin-s4-lots-042026-b25af5dc080b493996efd5b0eaf1aaf9.jpg) 3 'Love on the Spectrum' Star Abbey Romeo's Mom Reveals What Happened with David Isaacman Breakup](https://people.com/love-on-the-spectrum-abbey-romeo-mom-david-isaacman-speak-out-split-11947656) - [![Former President Bill Clinton, former Secretary of State Hillary Clinton, and Chelsea Clinton pose after Chelsea finished the 130th Boston Marathon on April 20, 2026 in Boston, Massachusetts. ]() ![Former President Bill Clinton, former Secretary of State Hillary Clinton, and Chelsea Clinton pose after Chelsea finished the 130th Boston Marathon on April 20, 2026 in Boston, Massachusetts. ](https://people.com/thmb/8NQlp8PfaBBA0FON7S3647_MEWg=/800x533/filters:no_upscale\(\):max_bytes\(150000\):strip_icc\(\)/clinton-Boston-Marathon-042026-cfd2a1b858864c51bae31f855f395ddb.jpg) 4 Bill and Hillary Clinton Make Rare Joint Appearance to Cheer on Daughter Chelsea at the Boston Marathon](https://people.com/bill-hillary-clinton-make-rare-joint-appearance-to-support-daughter-chelsea-boston-marathon-11954395) # Trump Signs Removed After Family's Washington Hotel Sells for Reported \$375 Million A Miami-based investment group quickly got to work on plans to re-brand and re-open the hotel that it paid top dollar to run By [Aaron Parsley](https://people.com/author/aaron-parsley/) [Aaron Parsley](https://people.com/author/aaron-parsley/) Aaron Parsley is a former senior news editor at PEOPLE. He left PEOPLE in 2023. [People Editorial Guidelines](https://people.com/editorial-policy-page-5499057) Published on May 12, 2022 12:32PM EDT ![A view of Trump International Hotel in Washington D.C, USA on October 18, 2021.](https://people.com/thmb/hNdTBt6wfYo0v8N4oaEBRDaJHpg=/1500x0/filters:no_upscale\(\):max_bytes\(150000\):strip_icc\(\):focal\(719x839:721x841\)/trump-hotel-5c20b93eec654f63810759977cc7de08.jpg) ![A view of Trump International Hotel in Washington D.C, USA on October 18, 2021.](https://people.com/thmb/hNdTBt6wfYo0v8N4oaEBRDaJHpg=/1500x0/filters:no_upscale\(\):max_bytes\(150000\):strip_icc\(\):focal\(719x839:721x841\)/trump-hotel-5c20b93eec654f63810759977cc7de08.jpg) Credit : Yasin Ozturk/Anadolu Agency via Getty [Donald Trump](https://people.com/tag/donald-trump/)'s family business completed the sale of a long-term lease on the Trump International Hotel in Washington on Wednesday to a Miami-based investor group for a reported \$375 million. A crew was [seen at the property](https://twitter.com/EricLiptonNYT/status/1524560397109542913) after dark Wednesday, removing the Trump-branded signs a letter at a time, starting with the gold-plated family name above the hotel's main entrance. The buyers, CGI Merchant Group, reportedly plan to reopen as a Waldorf Astoria run by Hilton. The building, located on Pennsylvania Avenue between the White House and the Capitol, is a D.C. landmark that was completed in 1899 to hold the city's post office and the U.S. Post Office Department headquarters. The sales price covers rights to operate the 263-room hotel within the Old Post Office building which is leased from the federal government. [Donald Trump Actually Lost \$70M on His D.C. Hotel While in Office, Congressional Investigators Say](https://people.com/politics/donald-trumps-business-records-while-in-office-revealed/) Washington real estate players are reportedly surprised at the high price tag of a hotel that [lost more than \$70 million](https://people.com/politics/donald-trumps-business-records-while-in-office-revealed/) during the four years of the Trump presidency. In 2020, the average price of a hotel in D.C. was \$354,000 per room, *[The New York Times reports](https://www.nytimes.com/2022/05/11/us/politics/trump-hotel-sale-washington.html)*, while the Trumps sold theirs for what adds up to be well over \$1 million per room. The family could make as much as \$100 million in profit from the sale, [sources close to the private deal told the AP](https://apnews.com/article/new-york-donald-trump-c0a28202ea4a4b1767af5a4ad93f1300). After completing a \$200 million renovation, the hotel opened before the 2016 election that sent Trump to the White House, according to the *Times*. ![Donald Trump, 2016 Republican presidential nominee, center, cuts a ribbon with his sons Donald Trump Jr., from left, Eric Trump, his wife Melania Trump and his daughters Tiffany Trump and Ivanka Trump during the grand opening ceremony of the Trump International Hotel in Washington, D.C., U.S., on Wednesday, Oct. 26, 2016. The Trump Organization has eight hotels in the U.S. and seven in other countries. The Trump International Hotel Washington, D.C. is housed in the 1899 Romanesque Revival-style Old Post Office on Pennsylvania Avenue](https://people.com/thmb/D7BvCxTT_23uc1Y4YV9DEY8Tars=/4000x0/filters:no_upscale\(\):max_bytes\(150000\):strip_icc\(\):focal\(734x229:736x231\)/trump-hotel-ribbon-cutting-823b9a749ad24492aa49cfc4a85abc84.jpg) ![Donald Trump, 2016 Republican presidential nominee, center, cuts a ribbon with his sons Donald Trump Jr., from left, Eric Trump, his wife Melania Trump and his daughters Tiffany Trump and Ivanka Trump during the grand opening ceremony of the Trump International Hotel in Washington, D.C., U.S., on Wednesday, Oct. 26, 2016. The Trump Organization has eight hotels in the U.S. and seven in other countries. The Trump International Hotel Washington, D.C. is housed in the 1899 Romanesque Revival-style Old Post Office on Pennsylvania Avenue](https://people.com/thmb/D7BvCxTT_23uc1Y4YV9DEY8Tars=/4000x0/filters:no_upscale\(\):max_bytes\(150000\):strip_icc\(\):focal\(734x229:736x231\)/trump-hotel-ribbon-cutting-823b9a749ad24492aa49cfc4a85abc84.jpg) Andrew Harrer/Bloomberg via Getty Images "We took a dilapidated and underutilized building and transformed it into one of the most iconic hotels in the world," [Eric Trump](https://people.com/tag/eric-trump/), the former president's son and an executive vice president at the Trump Organization, said in a statement announcing the deal. During the Trump's four-year term, the hotel [became a hub](https://people.com/politics/omarosa-manigault-marries-john-allen-newman-at-trump-hotel-in-d-c/) for the president's supporters, administration officials, lobbyists, Republican lawmakers, campaign staffers and visiting foreign dignitaries who would have paid for rooms, drinks, food and other services. Critics said this created perpetual ethics issues. [Trump Org Asked Federal Government to Change D.C. Hotel Lease amid Coronavirus Shutdown: Reports](https://people.com/politics/trump-org-asked-federal-government-change-dc-hotel-lease/) House Democrats in Oct. 2021 revealed findings of an [investigation into Trump's personal business dealings](https://people.com/politics/donald-trumps-business-records-while-in-office-revealed/) during his time in the White House, citing the Constitution's emoluments clause, forbidding a president from personally benefiting from foreign powers. The investigators said their analysis showed Trump's hotel had "received an estimated \$3.7 million in payments from foreign governments" from 2017 through 2020. Trump, for his part, has long insisted maintaining his businesses while president was a burden, not a blessing. He [claimed in 2019](https://www.reuters.com/article/us-usa-trump-loss/trump-says-being-president-has-cost-him-2-billion-to-5-billion-idUSKBN1X021I) his political turn had cost him at least \$2 billion. Close Read More: - [Politics](https://people.com/politics/) Trending Now [![Sabrina Carpenters House Tour Mansion in L.A. Is on the Market for 37 Million](https://people.com/thmb/gAIPWFBCn5cdaVUeT_gYBxRyqew=/343x228/filters:no_upscale\(\):max_bytes\(150000\):strip_icc\(\)/Sabrina-Carpenter-house-tour-manison-LA-041426-tout-69c24cc98fb047d4a238709d7621d48b.jpg) ![Sabrina Carpenters House Tour Mansion in L.A. 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Lowe HGTV Founder Lists Sprawling Georgia Home for \$42 Million](https://people.com/thmb/M26kbXnnt8aGqZG3ZxExskEbH8I=/282x188/filters:no_upscale\(\):max_bytes\(150000\):strip_icc\(\)/tout-Ken-Lowe-Sprawling-Georgia-Home-041626-0d2faa186a39450f9be2062e0b844a47.jpg) ![Ken Lowe; Kenneth W. Lowe HGTV Founder Lists Sprawling Georgia Home for \$42 Million](https://people.com/thmb/M26kbXnnt8aGqZG3ZxExskEbH8I=/282x188/filters:no_upscale\(\):max_bytes\(150000\):strip_icc\(\)/tout-Ken-Lowe-Sprawling-Georgia-Home-041626-0d2faa186a39450f9be2062e0b844a47.jpg) HGTV Founder Lists \$42 Million Georgia Mansion with a Chocolate-Making Room and a 3-Story Closet By Natalia Senanayake](https://people.com/hgtv-founder-ken-lowe-lists-sprawling-georgia-home-for-usd42-million-11951662) [![Pete Davidson at The Daily Front Row's 12th Annual Fashion Media Awards held at the Rainbow Room at Rockefeller Center on September 12, 2025 in New York, New York. Pete Davidson Lists N.Y. 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Readable Markdown
[Donald Trump](https://people.com/tag/donald-trump/)'s family business completed the sale of a long-term lease on the Trump International Hotel in Washington on Wednesday to a Miami-based investor group for a reported \$375 million. A crew was [seen at the property](https://twitter.com/EricLiptonNYT/status/1524560397109542913) after dark Wednesday, removing the Trump-branded signs a letter at a time, starting with the gold-plated family name above the hotel's main entrance. The buyers, CGI Merchant Group, reportedly plan to reopen as a Waldorf Astoria run by Hilton. The building, located on Pennsylvania Avenue between the White House and the Capitol, is a D.C. landmark that was completed in 1899 to hold the city's post office and the U.S. Post Office Department headquarters. The sales price covers rights to operate the 263-room hotel within the Old Post Office building which is leased from the federal government. Washington real estate players are reportedly surprised at the high price tag of a hotel that [lost more than \$70 million](https://people.com/politics/donald-trumps-business-records-while-in-office-revealed/) during the four years of the Trump presidency. In 2020, the average price of a hotel in D.C. was \$354,000 per room, *[The New York Times reports](https://www.nytimes.com/2022/05/11/us/politics/trump-hotel-sale-washington.html)*, while the Trumps sold theirs for what adds up to be well over \$1 million per room. The family could make as much as \$100 million in profit from the sale, [sources close to the private deal told the AP](https://apnews.com/article/new-york-donald-trump-c0a28202ea4a4b1767af5a4ad93f1300). After completing a \$200 million renovation, the hotel opened before the 2016 election that sent Trump to the White House, according to the *Times*. Andrew Harrer/Bloomberg via Getty Images "We took a dilapidated and underutilized building and transformed it into one of the most iconic hotels in the world," [Eric Trump](https://people.com/tag/eric-trump/), the former president's son and an executive vice president at the Trump Organization, said in a statement announcing the deal. During the Trump's four-year term, the hotel [became a hub](https://people.com/politics/omarosa-manigault-marries-john-allen-newman-at-trump-hotel-in-d-c/) for the president's supporters, administration officials, lobbyists, Republican lawmakers, campaign staffers and visiting foreign dignitaries who would have paid for rooms, drinks, food and other services. Critics said this created perpetual ethics issues. House Democrats in Oct. 2021 revealed findings of an [investigation into Trump's personal business dealings](https://people.com/politics/donald-trumps-business-records-while-in-office-revealed/) during his time in the White House, citing the Constitution's emoluments clause, forbidding a president from personally benefiting from foreign powers. The investigators said their analysis showed Trump's hotel had "received an estimated \$3.7 million in payments from foreign governments" from 2017 through 2020. Trump, for his part, has long insisted maintaining his businesses while president was a burden, not a blessing. He [claimed in 2019](https://www.reuters.com/article/us-usa-trump-loss/trump-says-being-president-has-cost-him-2-billion-to-5-billion-idUSKBN1X021I) his political turn had cost him at least \$2 billion.
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