Weeks before President-elect Donald Trump is set to take office for the second time, his family is reportedly in discussions to buy back the lease on the Pennsylvania Avenue hotel it owned during his first term

Eric Trump, the president-elect’s son and an executive vice president of The Trump Organization, met with the bank that is now in control of the lease on the property, The Wall Street Journal reported.

The Trump International Hotel opened in 2016, just months before Trump took office, after the company spent $200M to repurpose the historic Old Post Office Building through a long-term ground lease with the federal government.

After Trump left office, the company sold the hotel to Miami-based CGI Merchant Group, which paid $375M for the lease and transformed it into the present-day Waldorf Astoria.

But last February, CGI defaulted on its debt, and in August, its lender BDT & MSD Partners purchased it at a foreclosure auction.

The WSJ reported that in order to acquire the hotel, The Trump Organization may need to shell out more than $300M, citing sources familiar with the property’s operations and revenue.

BDT & MSD Partners and The Trump Organization didn’t respond to requests for comment from Bisnow by the time of publication.