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Trump will develop Old Post Office into luxury hotel

Feb. 7, 2012 - 06:00AM   |  
By ANDY MEDICI   |   Comments
The GSA selected the Trump Organization to submit detailed plans to turn the Old Post Office Building in Washington, D.C., into a 250-room luxury hotel.
The GSA selected the Trump Organization to submit detailed plans to turn the Old Post Office Building in Washington, D.C., into a 250-room luxury hotel. (Karen Bleier / AFP via Getty Images)

The Old Post Office building in Washington will become a luxury hotel courtesy of Donald Trump.

The General Services Administration selected the Trump Organization to submit a more detailed plan to turn the building into a 250-room luxury hotel, complete with restaurants and spas.

The agency will spend the next year negotiating details on price, how the building will be used, and how the Trump Organization will preserve the historic structure.

The agency said it will relocate the roughly 370 federal employees now working there over the next year. The National Endowment for the Humanities, National Endowment for the Arts and several presidential commissions are current tenants.

Roughly 71 percent of the 315,000-square-foot building is occupied. House Republicans have pointed to the building as an example of a wasteful misuse of excess federal property.

The developer would lease the building and grounds for 60 years and pay for redevelopment, according to the initial request for proposals.

Bob Peck, commissioner of GSA's Public Buildings Service, said in a statement the move will save millions of dollars and convert the property to a better use of the space.

"The Trump Organization plan will preserve the historic nature of the building and improve the vitality of Pennsylvania Avenue. This redevelopment represents good business sense on behalf of the American taxpayer, the Federal Government and the District of Columbia," Peck said in a statement.

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