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Trump DC hotel reopens as a Waldorf Astoria — but be ready to pay up

June 02, 2022
4 min read
waldorf-astoria-washington-dc
Trump DC hotel reopens as a Waldorf Astoria — but be ready to pay up
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The Trump International Hotel in Washington, D.C., only closed last month, but the property reopened on Thursday as the Waldorf Astoria.

If you want to stay at Hilton’s newest Waldorf, it’s going to make quite a dent in your Hilton Honors points account.

Given the quick turnaround, it's not likely the Hilton team (or owner CGI Merchant Group) did much to overhaul the luxury hotel. Photos provided in the announcement of the reopening show rooms with similar décor to how they appeared under Trump ownership.

(Photo courtesy of Hilton)

"We are proud to bring Waldorf Astoria’s commitment to personal service and unforgettable experiences to this iconic location – and look forward to sharing more information in the coming months about the exciting amenities and services that will be available at the hotel," a Hilton spokesperson told TPG.

How to book

Don’t expect a cheap stay at this grand hotel. For the first month of its opening, the now-Waldorf Astoria is well over $1,000 a night if you're paying cash, with the lowest rate starting at $1,095 for a nonrefundable Hilton Honors Discount rate. For points, it’s astronomical, and only “Premium Award Nights” seem to be available, with the lowest in June at 574,000 points per night.

(Screenshot courtesy of Hilton)

In August, we found the lowest award availability for the year at 464,000 points per night for a Deluxe king bed guestroom. That same night had a nonrefundable member cash rate of $884. That equals out to roughly 0.2 cents per point — significantly below our current valuation of 0.6 cents.

By way of comparison, you could head to the Conrad Maldives Rangali Island, which recently went through a massive makeover, for a “Standard Award Night” of just 120,000 per night. In fact, at the sky-high rates of the Waldorf Astoria in D.C., you could practically book an entire vacation there for what just a night or two would cost you on Rangali Island.

Hilton’s win

The conversion of the hotel is a major win for Hilton, as it gives the company a prime location for its ultra-luxury Waldorf brand. But the history of the property itself is mired in controversy.

The Trump Organization, which made a $100 million profit from the deal, faced scrutiny after lobbyists and foreign governments often booked rooms at the hotel in hopes of wooing the White House while the Trump Administration was in office. The property faced major performance losses during the pandemic, and the Trump Organization was exploring ways to offload the property for several years.

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CGI Merchant Group’s reported $375 million takeover of the property is only an operational deal, as the property (formerly the Old Post Office) is owned by the U.S. General Services Administration. The GSA offered the building up as a long-term ground lease, and the Trump Organization beat out buyer groups involved with the likes of Marriott and Hilton for the lease rights in 2012.

The Trump Organization completed a $200 million renovation to the building and opened it as a hotel in the lead-up to the 2016 election.

(Photo courtesy of Hilton)

The now-Waldorf Astoria DC features 263 guest rooms and suites, a 10,000-square-foot spa and is steps from the White House. One change made over the last month appears to involve adding Peacock Alley, a signature bar at Waldorf hotels.

If the rates seem high, perhaps it is just CGI Merchant trying to get a return on its investment: The $375 million deal means the price-per-room exceeded $1 million, which makes this one of the priciest hotel transactions in D.C. history.

Featured image by Scott Frances
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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  • Recommended Credit

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Why We Chose It

There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)

Pros

  • 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
  • 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
  • Packed with credits foodies will enjoy
  • Solid welcome bonus

Cons

  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber and other dining credits
  • You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
  • Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
  • Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
  • Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
  • $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
  • $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
  • Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
  • No Foreign Transaction Fees.
  • Annual Fee is $325.
  • Terms Apply.