BDT & MSD Buy Old Post Office for Flip

Byron Trott and Michael Dell’s BDT & MSD Partners just dropped $80 million to buy Washington D.C.’s iconic Old Post Office from the federal government — a move that consolidates their control after already securing leasing rights and a loan. They’re not planning to hold onto it long-term, as whispers suggest a potential $400 million buyer is already in the wings. The deal follows a messy exit by previous tenant CGI Merchant Group, who defaulted on a major loan, lost leasing rights in foreclosure, and even faced a lawsuit from the Trump Organization. Now, with BDT & MSD Partners in charge, the Waldorf Astoria hotel continues operating under Hilton management, keeping the famous clock tower open to the public while cashing in on premium rates. This transaction wraps up the federal government’s sale of the controversial landmark — a property with a history of drama and high-stakes deals. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/52598fbc3324ffb2