Friday, February 10, 2012

Center Supports Donald Trump's Old Post Office Renovation

The General Services Administration announced Tuesday that the New York real estate magnate Donald Trump’s hotel company (Trump Hotel Collection) has been selected to turn Washington’s Old Post Office Pavilion into a luxury hotel. The Trump Organization should bring some real spark to the nation's capital.

Built in the 1890s, the Old Post Office is listed on the National Register of Historic Places. The Old Post Office is located partway between the Capitol and the White House on Pennsylvania Avenue. It is right across the street from the U.S. Environmental Protection Agency.

Trump prevailed with a plan to team up with California private equity company Colony Capital to invest $200 million in acquiring the building and turning it into a luxury hotel of at least 250 rooms that would include conference space, a spa, restaurants and museum space focused on the history of the building.

The Trump Hotel Collection already operates luxury hotels in Chicago, New York, Las Vegas, Hono­lulu and Panama. Its newest hotel opened in Toronto this year. The Old Post Office hotel could open as early as 2016. (Wash Post, 2/7/2012)

No comments: