WASHINGTON, D.C., July 16, 2009
Watergate Hotel Headed to Auction Block
The Infamous Washington, D.C., Hotel is Under Foreclosure
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The Watergate Hotel, a District of Columbia landmark whose name became synonymous with political scandal, is expected to be auctioned off next week. (AP Photo/Steve Helber-File) (CBS)
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Interactive Deep Throat Naming names in a historic scandal
Alex Cooper Auctioneers is announcing that it will take bids Tuesday on the Washington landmark.
A 30-day foreclosure notice expires Thursday. It was sent to hotel owner Monument Realty last month after the company defaulted on its loan and lists an outstanding $40 million balance.
The Watergate complex was made famous by the 1972 burglary that led to President Richard Nixon's resignation.
Monument officials said two weeks ago they hoped the lender could agree to new terms, but a company spokeswoman declined to comment Wednesday.
Alex Cooper's Web site does not name the Watergate but describes a 12-story hotel at the Watergate's address.
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- Ahhhh! Watergate. Have you noticed that after all those years that the Repubs are still doing the same thing???
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- Shhhhhhh . . . . . . . There it is! I just heard Richard Nixon's ghost --------------
"Let me make myself perfectly clear."
LOL!
Oh yeah, and thanks to Bushit for making me miss Nixon. - Reply to this comment
