Trump to spend $200 million to convert historic DC post office into luxury hotel

February 15, 2012 |
Drew Ballensky

The U.S. General Services Administration selected Trump Organization, headed by Donald Trump, to redevelop the historic Old Post Office building in Washington, D.C. Trump plans to spend close to $200 million to turn the structure into a 250-room luxury hotel with a restaurant, spa and conference facilities.

A Trump executive said that the project has appeal because there hasn’t been a new luxury hotel built in the city in years, and there is a lack of prime locations as well as a high cost of land for development.

In a related event, House lawmakers recently approved the Civilian Property Realignment Act,a measure that would make it easier for the federal government to sell underused or excess federal property to cut costs.

(http://www.bloomberg.com/news/2012-02-08/trump-organization-to-spend-200-million-on-its-first-hotel-in-washington.html)

Drew Ballensky | Reconstruction Blog

Drew Ballensky is general manager of Duro-Last Roofing, Inc.’s central U.S. facility in Iowa and company spokesman for Duro-Last’s cool roofing, sustainability and architectural education programs. He is past-president of the Chemical Fabrics and Film Association and chairman of CFFA’s Vinyl Roofing Division. Drew earned his bachelor’s degree in industrial technology from the University of Northern Iowa and master’s degree in business administration from Florida State University.
Drew has over 29 years experience in business and industry in various engineering and managerial capacities. He has worked in the U.S. and Canadian operations for a major international manufacturer of pre-engineered steel buildings, was a financial analyst with a major athletic apparel manufacturer and was an owner of a general contracting company.

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