CGI Merchant Group Acquires Lease to the Old Post Office Building in Washington, D.C.
Property to be renamed, branded and managed as a Waldorf Astoria Hotel
The acquisition was made via CGI's flagship Hospitality Opportunity Fund, an ESG-focused endeavor dedicated to cultivating a collection of consciously minded hotels
CGI Merchant Group, LLC (CGI), a global investment management firm with a focus on commercial real estate, today announced its acquisition of the lease to the historic Old Post Office building in Washington, D.C. Located at 1100 Pennsylvania Avenue, the iconic property opened in 1899 as Washington, D.C.'s main post office, later converted to a federal office building and more recently became a hotel. CGI, in partnership with Hilton, plans to relaunch the pr
