It turns out not even Rudy Giuliani’s bar tab could save the Trump International Hotel. The Trump Organization lost at least $70 million since its opening in 2016, even as the grand hotel became a fixture of Trump-era Washington, a place where the president’s loyalists and sycophants alike could gather in a cozy bubble safely away from the fake news and impeachment managers and sip champagne from a spoon and imbibe cocktails starting at $24 a pop.

The Trump family has been threatening to sell it for the past few years, and now it seems they finally have: The Wall Street Journal reported Sunday that a Miami-based investment firm, CGI Merchant Group, intends to assume the lease with the federal government for $375 million and turn the Trump Hotel into a Waldorf Astoria.