Watergate Auction Hotel | Watergate Hotel gets no bids at auction
Watergate Hotel gets no bids at auction
The Watergate Hotel, part of a complex that became synonymous with President Richard Nixon’s downfall, attracted no bids at an auction Tuesday.
According to Paul Cooper, vice president of Alex Cooper Auctioneers, some 10 bidders ready to provide a $1 million deposit were registered for the auction.
But the hotel fell back into the hands of its lender, PB Capital, after no one advanced the $25 million opening bid, the auction company said.
Read more Watergate Hotel gets no bids at auction – CNN.com
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