Four years after Donald Trump's company sold the lease for its luxury hotel in the Old Post Office building on Pennsylvania Avenue, his administration is working to sell the property itself. The hotel in D.C.'s Old Post Office building became a Waldorf Astoria in 2022 after The Trump Organization sold it. It had lent $285M to Miami-based CGI Merchant Group for its $375M purchase of the lease rights to the building from The Trump Organization in May 2022. The Trump Organization signed a 60-year lease for the building in 2013 and transformed it into the 263-room Trump International Hotel, which opened in September 2016, two months before Trump was elected president. Most of the disposition efforts thus far have targeted federal office buildings that are underutilized, such as the Department of Housing and Urban Development's 1.1M SF headquarters, rather than properties that are leased to commercial tenants.