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Washington DC  + DC  + Hospitality  | 

Trump International Hotel Pending for $375M, to Become a Waldorf Astoria

The Trump International Hotel in Washington, DC, is under contract for $375 million, according to published reports.

The buyer, Miami-based CGI Merchant Group has reached an agreement with Hilton Worldwide Holdings, Inc., to convert the Pennsylvania Avenue property to a Waldorf Astoria managed by Hilton.

The transaction is expected to be completed in the first quarter of 2022.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.