Trump, GSA Agree On Post Office Lease In $200M Hotel Plan

Law360, New York (June 5, 2013, 7:05 PM EDT) -- After more than a year of negotiations, The Trump Organization said Wednesday that it has finalized a lease deal with the U.S. General Services Administration that pushes forward its $200 million plans for converting the Old Post Office in Washington into a luxury hotel.

Per the 60-year lease agreement, the Trump Organization will pay a base rent of $250,000 per month for the federal property. The lease will keep pace with the the Consumer Price Index over the term of the lease, Dan Cruz, a spokesman...
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