Suitors reportedly in talks to buy Watergate Hotel

10/14/2009 |

News that CB Richard Ellis has been recruited to market the famed Watergate Hotel is sparking rumors that the hotel, which was turned over to German bank PB Capital earlier this year when Monument Realty defaulted on its loan, may have some serious suitors. Parties said to be in talks to buy the property include developer Robert Holland and Dubai-based Jumeirah Group.

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