Gregg Lemkau Of BDT & MSD Partners Acquires Historic Old Post Office Hotel For $80 Million

The asset involved in this transaction is a hotel located at 1100 Pennsylvania Avenue Northwest in Washington, DC. The total square footage of the property is 500,000, and it was sold for $80,000,000, which translates to a price per square foot of $160.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $80,000,000
• Buyer: Gregg Lemkau - BDT & MSD Partners
• Sale Date: 06/11/2026
• Market: Washington, DC
• Asset Address: 1100 Pennsylvania Avenue Northwest
• Square Footage: 500,000
• Price per Square Foot: $160

BDT & MSD Partners has acquired the former Waldorf Astoria Washington DC, known as the historic Old Post Office Building. This acquisition represents the end of a decades-long lease structure with the U.S. government, granting full ownership of the landmark property and the underlying land.