A Peek into the Watergate Hotel (It Ain’t Pretty)

A sign, posted by the hotel’s entrance, from more optimistic days

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

For the record: There were interested parties at yesterday’s auction—just none that wanted to surpass the lender’s initial bid of $25 million.

Paul Cooper, of Alex Cooper Auctioneers, Inc, said there were “less than a dozen” registered bidders.  Then, with some cajoling from reporters, he redefined the group as approximately 10.  So: Eleven bidders perhaps?

Here’s the circular entrance and some shots looking into the lobby. The last photo is a shot taken from inside one of the Watergate office buildings.

Tags: Monument Realty, pb capital