BisNow CGI Merchant Group, the owner of the Waldorf Astoria Hotel at 1100 Pennsylvania Ave. NW in Washington, D.C., has defaulted on the property’s mortgage, prompting its lender, BDT & MSD Partners, to schedule a foreclosure auction for June 20. The Miami investor in 2022 had acquired the 263-room property for $375 million. It sits on […]

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