In June 1919 the Bellevue was leased to T. Coleman du Pont, together with Lucius M. Boomer, president of Boomer-du Pont Properties Corporation. The ground and building were retained by George C. Boldt Jr. Boomer-du Pont offered the Boldt family $7,500,000 for the hotel. They refused, as the asking price was $10,000,000. In June 1925 the company backed by duPont, The Bellevue Company purchased the hotel for $6,500,000 from the heirs of George C. Boldt. It was said that $3,000,000 was paid in cash and a mortgage was taken over the property for $3,500,000.