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New Deal


Announced

CGI Merchant to acquire Trumps’ Washington Hotel for $375m.

Financials

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Transaction Value£295m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Majority

Acquisition

Friendly

United States

Domestic

Single Bidder

Private Equity

hotel building

Real Estate Holding and Development

Pending

Synopsis

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CGI Merchant, a private-equity, alternative investment manager, agreed to acquire Trumps’ Washington Hotel, for $375m. The building, on Pennsylvania Avenue, is owned by the federal government. A landmark with a 315-foot clock tower that makes it the third-tallest building in Washington, the structure was home to the headquarters of the United States Postal Service until 1934 and is formally called the Old Post Office Building.

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