Thursday, October 15, 2009

Is the Watergate Poised to Sell?

WASHINGTON, DC-For the past several weeks, rumors have been circulating that commercial developer Robert Holland is in talks to buy the Watergate Hotel, along with a Dubai-based hotel owner, Jumeirah Group. The hotel returned to German-bank PB Capital earlier this year after owner Monument Realty defaulted on a $44.3 million loan.

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