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THURSDAY, NOVEMBER 26, 2009
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No Takers for Watergate at Auction

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(Newser) – An auction today of the storied Watergate Hotel drew more than 150 spectators, media attention from around the world, and not a single bidder willing to pony up the necessary $25 million, reports the Washington Post. The German bank that foreclosed on the property took back the 12-story hotel and will now try to shop it around to private buyers. In addition to helping bring down a president, it offers nice views of the Potomac.

The Watergate Complex in Washington.
The Watergate Complex in Washington.   (AP Photo/Jacquelyn Martin)
The Watergate Hotel in 1998.
The Watergate Hotel in 1998.   (AP Photo/Steve Helber, file)
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long7000
Jul 21, 09 6:49 PM CDT
Historic riverfront property for sale... one-owner. Great fixer-upper opportunity! Reply
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