Overview
- The General Services Administration announced on Wednesday, June 10, 2026 that it transferred ownership of 1100 Pennsylvania Ave. NW to BDT & MSD Partners.
- The agency declined to disclose the sale price and The Wall Street Journal reported the property changed hands for $80 million while D.C. deed records had not yet reflected the transfer.
- GSA said the deal includes binding covenants that preserve public access to the building’s clock tower, protect its architectural fabric, and keep on-site artworks in public ownership through a fine-arts covenant.
- BDT & MSD Partners already held the long-term lease for the 263-room Waldorf Astoria and had a contractual right to buy the fee interest; the hotel continues normal operations and reports indicate the buyer has discussed a potential resale at a much higher valuation, according to media reports.
- The sale is part of a broader GSA effort to reduce federal property holdings, a move that GSA says will push total taxpayer receipts from the site above $110 million over the past decade and that has prompted questions about valuation and transaction transparency.