February 12, 2012

Watergate Hotel goes unsold at auction

Watergate Hotel goes unsold at auction

July 21: The famed Washington, D.C., hotel complex went on the block Tuesday. CNBC’s Diana Olick reports. (CNBC)The Watergate Hotel, part of the complex made famous by a presidential scandal, has failed to attract any bids at auction and has been taken back by the lender that holds the $40 million note on it.