June 11, 2026 - 00:15

The historic Old Post Office building on Pennsylvania Avenue, which once operated as a Trump-branded hotel, has been sold by the federal government for $80 million. The property, now a Waldorf Astoria hotel, changed hands in a transaction that marks the end of a long and controversial chapter for the iconic Washington, D.C., landmark.
The building originally served as the city's main post office before being redeveloped into a luxury hotel during Donald Trump's business career. It became a focal point of ethics debates during his presidency, as foreign diplomats and lobbyists frequented the property. The Trump Organization leased the building from the government but later sold the lease rights amid political pressure and financial losses.
The new sale price of $80 million is a steep discount from earlier valuations. During the Trump years, the hotel was reportedly worth several hundred million dollars. The buyer plans to continue operating it as a Waldorf Astoria, maintaining its status as a high-end destination near the White House. The General Services Administration, which oversaw the sale, confirmed the deal closes the government's involvement with the property. The transaction also resolves lingering questions about potential conflicts of interest tied to the former president's business holdings.
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