According to the Washington Buisness Journal, the Watergate Hotel has finally sold for a cool $45 million. Euro Capital Properties Inc. of New York are the lucky new owners of the infamous property and DC-must see.
I am already wondering if (and how) the new owners are going to update the space. As iconic as the building is in its own right, the Watergate Hotel could really use an interior update. I can already see an eye-catching lighting treatment for the building’s ultra-low ceiling heights….