If D.C.’s Hotel Monaco is any indication, real estate mogul Donald Trump’s deal to convert the Old Post Office Pavilion at 12th Street and Pennsylvania Avenue NW into a luxury hotel could raise well more than $14 million a year for the federal government. The deal would be structured similarly to one the GSA inked in December 1999 with another developer to convert the Tarriff Building in the District’s Penn Quarter area into a 183-room Hotel Monaco. According to the terms of that deal, the GSA required Tarriff Building Associates LLP to pay the greater of a base rent or a percentage of gross hotel revenue in excess of $10 million and gross food and beverage revenues in excess of $4 million.

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