Comments on: Watergate Hotel Auctioned for $25 Million

By: Watergate Hotel Reportedly Under Contract - Housing Complex - Washington City Paper

Fri, 02 Oct 2009 13:14:47 +0000

[...] In July, reporters and camera men from news outlets all over the world piled into a Friendship Heights office to witness the auction of the foreclosed Watergate Hotel. [...]

By: Finally, a Win for Monument Realty - Housing Complex - Washington City Paper

Finally, a Win for Monument Realty - Housing Complex - Washington City Paper — Wed, 26 Aug 2009 15:06:41 +0000

[...] Watergate Hotel, which was recently auctioned off, with no bidders, and returned to Monument’s primary [...]

By: A Peek into the Watergate Hotel (It Ain’t Pretty) - Housing Complex - Washington City Paper

Wed, 22 Jul 2009 14:34:07 +0000

[...] attending yesterday’s auction, I went down to the Watergate Hotel itself to check out the not-so-desirable [...]

By: Ruth Samuelson

Ruth Samuelson — Tue, 21 Jul 2009 22:37:58 +0000

The only offer on the property was from the owner's lender, PB Capital. That was the opening bid.

By: Shaun

Shaun — Tue, 21 Jul 2009 22:22:37 +0000

Why is the AP reporting that there was NO BIDDERS on the Watergate?

http://www.google.com/hostednews/ap/article/ALeqM5gzUf3IIr8qedgjicBX__diS7hdHgD99IUN903

By: mike

mike — Tue, 21 Jul 2009 17:20:11 +0000

SG, brilliant observation, given the part where it says the original note amount was $40m....

By: SG

SG — Tue, 21 Jul 2009 17:07:22 +0000

That's a shockingly low amount. It shows how little financing there is available for this sort of thing. 4 years ago this might have sold for over double this amount.

By: Watergate Sold for $25 Million - Housing Complex - Washington City Paper

Watergate Sold for $25 Million - Housing Complex - Washington City Paper — Tue, 21 Jul 2009 16:34:08 +0000

[...] Watergate Sold for $25 Million [...]