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Washington DC & Mid-Atlantic  + DC  + Hospitality  |  July 8, 2024
Emily Fu
By: Emily Fu

DC Waldorf Astoria Slated for Foreclosure Sale Again 

The Waldorf Astoria in Washington, D.C. is set for auction on August 5, following a canceled sale last month. Alex Cooper Auctioneers will conduct the foreclosure sale for the leasehold interest at 1100 Pennsylvania Ave. NW, according to a notice filed by the lender’s representative.  

The federal government owns the property, but it is leased to an affiliate of Miami’s CGI Merchant Group. CGI defaulted on a $285 million loan, with an outstanding balance of $252.7 million as of May. Chicago-based MSD Partners, the primary lender, initiated foreclosure proceedings.  

CGI bought the lease for $375 million in May 2022, reopening the hotel as a Waldorf Astoria under Hilton Worldwide. The hotel is managed by Senih Geray. 

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Inside The Story

Senih Geray

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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