Watergate said to be flooded with potential buyers

08/17/2009 | Miami Herald (free registration), The

PB Capital, the lender holding a $40 million note on Washington, D.C.'s famed Watergate Hotel, says that at least six potential buyers, all hotel chains, have expressed interest in buying the hotel. Executives for the companies are reportedly being given tours of the Watergate in order to determine the cost of renovations.

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Miami Herald (free registration), The

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