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Tech magnate and Department of Government Efficiency Co-chairman Elon Musk reportedly plans to buy the Washington, D.C.-based Line hotel to turn it into a “private social club.”
The purchase indicates Musk is setting down roots in the Capitol as President-elect Donald Trump begins his second term in office and the pair start work together.
The hotel is located in the Adams Morgan neighborhood of Washington. There is a public auction in New York City on Jan. 23.
The hotel has 220 rooms and also has sister locations in Austin and San Francisco. It opened in 2017 and is going to public auction because it was foreclosed on. A person involved in the project said the financial performance of the hotel failed to meet expectations. He added that it was a “textbook example of grand ambition coupled with over-improvement, guided by a flawed partnership that was led by brand builders and not investors.”
The hotel is about 2.5 miles away from SpaceX’s Washington offices, where Musk has had a group of employees working on his DOGE initiative as well. Once Trump is inaugurated, Musk will use the Eisenhower Office Building in the White House complex to operate DOGE.
The prime office space gives Musk easy access to Trump, who has encouraged DOGE’s mission of reducing government waste. The unofficial agency has reportedly already gone to work, interviewing employees of departments across the federal government before Trump has gotten into office.
Musk said he will aim to cut $2 trillion but admitted that it seemed like an optimistic number.
“I think we’ll try for $2 trillion. I think that’s like the best-case outcome,” he said. “But I do think that you kind of have to have some overage. I think if we try for $2 trillion, we’ve got a good shot at getting $1 [trillion].”
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Musk contributed hundreds of millions to the president-elect’s campaign and took a major role in his victory. Since then, he’s stuck around Trump at public events and has been spotted at his Mar-a-Lago residence.
Musk’s SpaceX and Tesla companies hold billions of dollars in government contracts, which has led critics of the executive to claim he’s growing close to Trump to benefit his companies.
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Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has set his sights on turning a luxury hotel in Washington, D.C. into a “private social club.” Musk recently purchased the St. Regis Hotel, located just a few blocks away from the White House, and is reportedly planning to transform the historic property into a members-only destination for the elite.
The St. Regis Hotel has long been a favorite among politicians, diplomats, and celebrities, and Musk’s vision for the property is to create a space where the world’s most influential individuals can gather and network in an exclusive setting. The hotel’s ballrooms and meeting spaces will be converted into private dining rooms and lounges, while the guest rooms will be reserved for club members and their guests.
Musk’s plans for the hotel have already sparked speculation and excitement among Washington’s elite, with many eager to secure a coveted membership to the exclusive club. While details about membership fees and benefits are still being finalized, it’s clear that Musk’s vision for the St. Regis Hotel is to create a luxurious and sophisticated oasis for the world’s power players.
As Musk continues to expand his empire and venture into new industries, his foray into the hospitality sector with the St. Regis Hotel is sure to be a bold and innovative move. Stay tuned for more updates on this exciting development in the world of luxury travel and social clubs.
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Elon Musk, DC hotel, private social club, Musk hotel, Tesla CEO, Washington DC, luxury club, exclusive hotel, social club transformation, tech entrepreneur, DC hospitality industry, Musk hospitality venture.
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