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URLhttps://www.businessinsider.com/trump-advanced-talks-sell-leasing-rights-washington-dc-hotel-2021-9
Last Crawled2026-03-25 03:30:00 (1 month ago)
First Indexed2021-09-04 18:17:51 (4 years ago)
HTTP Status Code200
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Meta TitleTrump in Advanced Talks to Sell the Leasing Rights to DC Hotel: Report - Business Insider
Meta DescriptionThe details of the deal are still unknown, but Axios reported that "Trump's representatives have been in talks with major hotel chains and investors."
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By A view of the Trump International Hotel in Washington, DC, one day before the inauguration of Donald Trump on January 19, 2017.   Noam Galai/WireImage Sep 4, 2021, 6:16 PM GMT Former President Trump is in talks with hotel companies to sell the rights to his DC hotel, sources told Axios . The hotel is located in the historic Old Post Office building, which Trump leases from the federal government.  In 2017, the GSA said that the Trump Organization was paying $250,000 monthly in base rent. See more stories on Insider's business page . Former President Donald Trump is in talks with hotel companies to sell the leasing rights to his hotel in Washington, DC, sources told Axios . The hotel is located on Pennsylvania Avenue just blocks from the White House in the 122-year-old Old Post Office building, which Trump leases from the federal government.  The former president would sell the leasing rights to the Trump International Hotel to a real estate developer, who would then negotiate with hotel companies that would manage the property and overhaul it, according to the Axios report. The full details of the deal are still unknown, but Axios reported that "Trump's representatives have been in talks with major hotel chains and investors." The former president sought to sell the leased federal property in 2019, while he was still in office, and sources told Axios that he was likely to receive less than the $500 million that he reportedly sought that year. Read more: Cruzworld is eyeing a 2024 presidential run. Meet 11 loyalists ready to help put Ted Cruz in the White House. Trump leases the Old Post Office property from the General Services Administration (GSA) under a 60-year agreement put into place in 2013, according to Axios. In 2017, the GSA said that the Trump Organization was paying $250,000 monthly in base rent, which was slated to rise with inflation costs. During Trump's tenure in office from 2017 to 2021, the hotel became a focal gathering place for Republican lobbyists and prominent figures within the former president's orbit — from attorney Rudy Giuliani to MyPillow CEO Mike Lindell . However, after the start of the COVID-19 pandemic, along with Trump's election loss and his subsequent move to Florida — the hotel's profits plummeted in 2020. According to CNN, sales at the DC hotel declined by 63 percent last year compared with 2019, when the Trump Organization was looking into a possible sale. Trump, who has continued to hold campaign-style rallies across the country as a private citizen, is still eyeing a 2024 presidential bid — this week, GOP Rep. Jim Jordan of Ohio said on video that the former president is "ready to announce" a run, but a spokesperson for the lawmaker denied that he made the statement. Donald Trump Hotels Read next
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Dorman](https://www.businessinsider.com/author/john-l-dorman) ![trump hotel](https://i.insider.com/604e1b43fea127001886aac6?width=700) A view of the Trump International Hotel in Washington, DC, one day before the inauguration of Donald Trump on January 19, 2017. Noam Galai/WireImage Sep 4, 2021, 6:16 PM GMT Share Copy link [Email](<mailto:?subject=Trump is in advanced talks to sell the leasing rights to his hotel in Washington, DC: report&body=Trump%20is%20in%20advanced%20talks%20to%20sell%20the%20leasing%20rights%20to%20his%20hotel%20in%20Washington%2C%20DC%3A%20report%0D%0A%0D%0Ahttps%3A%2F%2Fwww.businessinsider.com%2Ftrump-advanced-talks-sell-leasing-rights-washington-dc-hotel-2021-9&> "Email") Facebook WhatsApp X LinkedIn Bluesky Threads An icon in the shape of a lightning bolt. Impact Link Save Saved [Read in app](https://insider-app.onelink.me/4cpG/?af_js_web=true&af_ss_ver=2_3_0&af_dp=insider%3A%2F%2Fbi%2Fpost%2Ftrump-advanced-talks-sell-leasing-rights-washington-dc-hotel-2021-9&af_force_deeplink=true&is_retargeting=true&deep_link_value=https%3A%2F%2Fwww.businessinsider.com%2Ftrump-advanced-talks-sell-leasing-rights-washington-dc-hotel-2021-9&pid=businessinsider&c=post_page_share_bar_v2_smart_4.13.23 "Download the app") - Former President Trump is in talks with hotel companies to sell the rights to his DC hotel, [sources told Axios](https://www.axios.com/scoop-trump-nears-deal-dc-hotel-5b093f84-b9b9-426b-93be-6b13435be774.html). - The hotel is located in the historic Old Post Office building, which Trump leases from the federal government. - In 2017, the GSA said that the Trump Organization was paying \$250,000 monthly in base rent. - [See more stories on Insider's business page](https://www.businessinsider.com/?hprecirc-bullet). Former President Donald Trump is in talks with hotel companies to sell the leasing rights to his hotel in Washington, DC, [sources told Axios](https://www.axios.com/scoop-trump-nears-deal-dc-hotel-5b093f84-b9b9-426b-93be-6b13435be774.html). The hotel is located on Pennsylvania Avenue just blocks from the White House in the 122-year-old Old Post Office building, which Trump leases from the federal government. The former president would sell the leasing rights to [the Trump International Hotel](https://www.trumphotels.com/washington-dc) to a real estate developer, who would then negotiate with hotel companies that would manage the property and overhaul it, according to the Axios report. The full details of the deal are still unknown, but Axios reported that "Trump's representatives have been in talks with major hotel chains and investors." The former president sought to sell the leased federal property in 2019, while he was still in office, and sources told Axios that he was likely to receive less than the \$500 million that [he reportedly sought](https://www.wsj.com/articles/trump-organization-exploring-sale-of-marquee-washington-hotel-11572019874) that year. ***Read more:*** [*Cruzworld is eyeing a 2024 presidential run. Meet 11 loyalists ready to help put Ted Cruz in the White House.*](https://www.businessinsider.com/ted-cruz-2024-staff-trump-republican-presidential-nomination-2021-8) Trump leases the Old Post Office property from the General Services Administration (GSA) [under a 60-year agreement](https://www.gsa.gov/about-us/newsroom/news-releases/gsa-and-trump-organization-reach-deal-on-old-post-office-lease) put into place in 2013, according to Axios. In 2017, the GSA said that the Trump Organization was paying \$250,000 monthly in base rent, which was slated to rise with inflation costs. During Trump's tenure in office from 2017 to 2021, the hotel became a focal gathering place for Republican lobbyists and prominent figures within the former president's orbit — [from attorney Rudy Giuliani to MyPillow CEO Mike Lindell](https://www.washingtonian.com/2021/02/19/trump-hotel-employees-tell-all-what-it-was-really-like-serving-right-wing-elite/). However, after the start of the COVID-19 pandemic, along with Trump's election loss and his subsequent move to Florida — the hotel's profits plummeted in 2020. According to CNN, sales at the DC hotel declined by 63 percent last year compared with 2019, when the Trump Organization was looking into a possible sale. Trump, who has continued to hold campaign-style rallies across the country as a private citizen, is still eyeing a 2024 presidential bid — this week, GOP Rep. Jim Jordan of Ohio [said on video](https://www.businessinsider.com/jim-jordan-teases-trump-2024-run-video-2021-9) that the former president is "ready to announce" a run, but a spokesperson for the lawmaker denied that he made the statement. ### Recommended video - [Donald Trump](https://www.businessinsider.com/category/donald-trump "Donald Trump") - [Hotels](https://www.businessinsider.com/category/hotels "Hotels") ## Read next ![](https://www.businessinsider.com/public/assets/logos/placeholder.png) ![](https://www.businessinsider.com/public/assets/logos/placeholder.png) ### Business Insider tells the innovative stories you want to know ![](https://www.businessinsider.com/public/assets/logos/placeholder.png) ![](https://www.businessinsider.com/public/assets/logos/placeholder.png) ### Business Insider tells the innovative stories you want to know ![](https://www.businessinsider.com/public/assets/logos/placeholder.png) ![](https://www.businessinsider.com/public/assets/logos/placeholder.png) ### Business Insider tells the innovative stories you want to know ![](https://www.businessinsider.com/public/assets/logos/placeholder.png) ![](https://www.businessinsider.com/public/assets/logos/placeholder.png) ### Business Insider tells the innovative stories you want to know [HOME](https://www.businessinsider.com/) [Subscribe](https://www.businessinsider.com/subscription "Subscribe") [![Business Insider](<data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E>) ![](https://www.businessinsider.com/public/assets/logos/stacked-black.svg)](https://www.businessinsider.com/ "Visit Business Insider") [![Download on the App Store](<data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E>) ![](https://www.businessinsider.com/public/assets/badges/app-store-badge.svg)](https://itunes.apple.com/app/apple-store/id554260576?mt=8) [![Get it on Google Play](<data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E>) ![](https://www.businessinsider.com/public/assets/badges/google-play-badge.svg)](https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider) Legal & Privacy - [Terms of Service](https://www.businessinsider.com/terms) - [Terms of Sale](https://www.businessinsider.com/terms-of-sale) - [Privacy Policy](https://www.businessinsider.com/privacy-policy) - [Accessibility](https://www.businessinsider.com/accessibility) - [Code of Ethics Policy](https://www.businessinsider.com/code-of-ethics) - [Reprints & Permissions](https://www.parsintl.com/publication/business-insider/) - [Disclaimer](https://www.businessinsider.com/disclaimer) - [Advertising Policies](https://www.businessinsider.com/advertising-policies) - [Conflict of Interest Policy](https://www.businessinsider.com/conflict-of-interest-policy) - [Commerce Policy](https://www.businessinsider.com/commerce-policy) - [Coupons Privacy Policy](https://www.businessinsider.com/coupons-privacy-policy) - [Coupons Terms](https://www.businessinsider.com/coupons-terms) - [Cookie Settings](https://www.businessinsider.com/trump-advanced-talks-sell-leasing-rights-washington-dc-hotel-2021-9) Company - [About Us](https://www.businessinsider.com/about-us) - [Careers](https://www.businessinsider.com/work-at-business-insider) - [Advertise With Us](https://advertising.businessinsider.com/) - [Contact Us](https://www.businessinsider.com/contact) - [News Tips](https://www.businessinsider.com/secure-news-tips) - [Company News](https://www.businessinsider.com/category/business-insider-press-room) - [Awards](https://www.businessinsider.com/awards) - [Masthead](https://www.businessinsider.com/masthead) Other - [Sitemap](https://www.businessinsider.com/sitemap/html/index.html) - [Stock quotes by finanzen.net](https://www.finanzen.net/) - [Corrections](https://www.businessinsider.com/category/corrections) - [Community Guidelines](https://www.businessinsider.com/community-guidelines) - [AI Use](https://www.businessinsider.com/how-the-business-insider-newsroom-uses-ai) International Editions - [AT](https://www.businessinsider.de/?IR=C) - [DE](https://www.businessinsider.de/?IR=C) - [ES](https://businessinsider.es/) - [JP](https://www.businessinsider.jp/) - [PL](https://www.businessinsider.com.pl/?IR=C) - [TW](https://www.businessinsider.tw/) [Copyright © 2026](https://www.businessinsider.com/terms) Insider Inc. 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Readable Markdown
By ![trump hotel](https://i.insider.com/604e1b43fea127001886aac6?width=700) A view of the Trump International Hotel in Washington, DC, one day before the inauguration of Donald Trump on January 19, 2017. Noam Galai/WireImage Sep 4, 2021, 6:16 PM GMT - Former President Trump is in talks with hotel companies to sell the rights to his DC hotel, [sources told Axios](https://www.axios.com/scoop-trump-nears-deal-dc-hotel-5b093f84-b9b9-426b-93be-6b13435be774.html). - The hotel is located in the historic Old Post Office building, which Trump leases from the federal government. - In 2017, the GSA said that the Trump Organization was paying \$250,000 monthly in base rent. - [See more stories on Insider's business page](https://www.businessinsider.com/?hprecirc-bullet). Former President Donald Trump is in talks with hotel companies to sell the leasing rights to his hotel in Washington, DC, [sources told Axios](https://www.axios.com/scoop-trump-nears-deal-dc-hotel-5b093f84-b9b9-426b-93be-6b13435be774.html). The hotel is located on Pennsylvania Avenue just blocks from the White House in the 122-year-old Old Post Office building, which Trump leases from the federal government. The former president would sell the leasing rights to [the Trump International Hotel](https://www.trumphotels.com/washington-dc) to a real estate developer, who would then negotiate with hotel companies that would manage the property and overhaul it, according to the Axios report. The full details of the deal are still unknown, but Axios reported that "Trump's representatives have been in talks with major hotel chains and investors." The former president sought to sell the leased federal property in 2019, while he was still in office, and sources told Axios that he was likely to receive less than the \$500 million that [he reportedly sought](https://www.wsj.com/articles/trump-organization-exploring-sale-of-marquee-washington-hotel-11572019874) that year. ***Read more:*** [*Cruzworld is eyeing a 2024 presidential run. Meet 11 loyalists ready to help put Ted Cruz in the White House.*](https://www.businessinsider.com/ted-cruz-2024-staff-trump-republican-presidential-nomination-2021-8) Trump leases the Old Post Office property from the General Services Administration (GSA) [under a 60-year agreement](https://www.gsa.gov/about-us/newsroom/news-releases/gsa-and-trump-organization-reach-deal-on-old-post-office-lease) put into place in 2013, according to Axios. In 2017, the GSA said that the Trump Organization was paying \$250,000 monthly in base rent, which was slated to rise with inflation costs. During Trump's tenure in office from 2017 to 2021, the hotel became a focal gathering place for Republican lobbyists and prominent figures within the former president's orbit — [from attorney Rudy Giuliani to MyPillow CEO Mike Lindell](https://www.washingtonian.com/2021/02/19/trump-hotel-employees-tell-all-what-it-was-really-like-serving-right-wing-elite/). However, after the start of the COVID-19 pandemic, along with Trump's election loss and his subsequent move to Florida — the hotel's profits plummeted in 2020. According to CNN, sales at the DC hotel declined by 63 percent last year compared with 2019, when the Trump Organization was looking into a possible sale. Trump, who has continued to hold campaign-style rallies across the country as a private citizen, is still eyeing a 2024 presidential bid — this week, GOP Rep. Jim Jordan of Ohio [said on video](https://www.businessinsider.com/jim-jordan-teases-trump-2024-run-video-2021-9) that the former president is "ready to announce" a run, but a spokesperson for the lawmaker denied that he made the statement. - [Donald Trump](https://www.businessinsider.com/category/donald-trump "Donald Trump") - [Hotels](https://www.businessinsider.com/category/hotels "Hotels") Read next
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