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Trump’s name is officially removed from DC’s Old Post Office after losing $70M over four years

DC says goodbye to Trump hotel: The former president’s name is officially removed from the Old Post Office building after losing $70M over four years and Waldorf Astoria prepares to move in

  • Workers arrived at Trump International Hotel Wednesday evening to remove the former president’s name from the facade of the Old Post Office and Clock Tower 
  • Sale of the property officially closed Wednesday to Miami-based investor CGI Merchant Group for $375 million
  • The sale was at a 25% discount of the $500 million Trump Organization initially sought for a sale in 2019
  • Hotel being relaunched this summer under Hilton’s luxury brand Waldorf Astoria 
  • Trump boasted that the hotel netted $150 million during his presidency, but it actually lost $70 million, according to a Democrat-led House…

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