Washington St. Regis foreclosed on

Barclays Capital has foreclosed on the owners of the St. Regis hotel and plans to auction it off Oct. 22, adding the iconic property to a heap of those purchased in Washington with heavy borrowing during the real estate bubble and that are therefore in danger of being lost by their owners.

Adorned with Italian Renaissance Louis XVI chandeliers and located two blocks from the White House on 16th Street Northwest, the 150-room, 25-suite St. Regis Washington is routinely ranked as one of the most luxurious hotels the region, its reputation further burnished after undergoing two major renovations in the past 23 years.

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