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Spitzer Moves Into DC Real Estate

Disgraced NY gov buys $180M office tower a block from tryst hotel

By Rob Quinn,  Newser Staff

Posted Mar 6, 2009 5:48 AM CST
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(Newser) – Eliot Spitzer is now working in real estate in the city where his downfall began, the Wall Street Journal reports. The ex-governor of New York has worked with his father's real estate company to buy an office block in Washington DC, only a block away from the hotel where he had the tryst with a high-class prostitute that led to his resignation.

Spitzer says he is confident about the $180 million office block as a long-term investment despite the grim real estate market. The former gov, who insiders say worked very closely on the deal, says he is enjoying his new life in business after "a detour along the way" as a politician. "I love the vitality and the dynamism and the competition of the marketplace," he told the Journal.   

Eliot Spitzer speaks to reporters during a news conference where he apologized to his family and the public after a report that he was involved in a prostitution ring.
Eliot Spitzer speaks to reporters during a news conference where he apologized to his family and the public after a report that he was involved in a prostitution ring.   (AP Photo/Mary Altaffer/FILE)
The Mayflower Hotel is seen in Washington on Monday March 10, 2008.
The Mayflower Hotel is seen in Washington on Monday March 10, 2008.   (AP Photo/Jacquelyn Martin)
New York Gov. Eliot Spitzer speaks during a news conference where he apologized to his family following a report that he was involved in a prostitution ring in New York, Monday March 10, 2008.
New York Gov. Eliot Spitzer speaks during a news conference where he apologized to his family following a report that he was involved in a prostitution ring in New York, Monday March 10, 2008.   (AP Photos/Bebeto Matthews)
New York Gov. Eliot Spitzer arrives at his Fifth Avenue apartment, Monday, March 10, 2008, in New York. Spitzer apologized after he was accused of involvement in a prostitution ring. He did not elaborate on the scandal, which drew calls for his resignation.
New York Gov. Eliot Spitzer arrives at his Fifth Avenue apartment, Monday, March 10, 2008, in New York. Spitzer apologized after he was accused of involvement in a prostitution ring. He did not elaborate...   (AP Photo/ Louis Lanzano)
In this March 10, 2008 file photo, New York State Gov. Eliot Spitzer is joined by his wife Silda as he makes a statement to reporters during a news conference in New York.
In this March 10, 2008 file photo, New York State Gov. Eliot Spitzer is joined by his wife Silda as he makes a statement to reporters during a news conference in New York.   (AP Photo/Mary Altaffer, file)
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COMMENTS
Showing 2 of 2 comments
Chudluv
Mar 6, 2009 1:48 AM CST
LOL I wonder if he buys the Hotel if he would get a discount from the "ladies"? For the use of the Hotel rooms...haha
woodyTX
Mar 5, 2009 9:11 PM CST
Eliot Who ?

Poll finds new NY guv less popular than post-scandal Spitzer
New York Times

Spitzer blames hypocrites for financial crisis
Cityfile

 
real estate • Washington DC • sex scandal • Eliot Spitzer • governor • Mayflower Hotel • Ashley Dupre

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