The Watergate to Reopen as a Luxury Hotel
The most buzz-worthy hotel in Washington D.C. has been vacant for seven years. That’s about to change. (Photo: Thinkstock)
The infamous Watergate Hotel has been laying dormant for the past seven years.
Perhaps its association with disgraced President Richard Nixon has jinxed the place. Many renovation attempts have failed over the years. But according to the New York Times, Euro Capital Properties, which bought the hotel in 2010, announced plans for a $125 million renovation to reopen it as a luxury property.
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According to the Times, the renovation will create 100 new rooms and 17,000 square feet of meeting space, including a grand ballroom.
“The original Watergate Hotel, even though it was successful in the 1970s and ’80s, wasn’t taking complete advantage of the full potential of the property and its great location on the Potomac River,” Jacques Cohen, a principal of Euro Capital, said in an email to the Times. The company plans to address that problem with the addition of four large community terraces, a rooftop bar and lounge and enhanced private balcony space in 50 percent of the hotel’s rooms.”
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There will be five Diplomat suites and two Presidential suites, both of which will offer a view of the Potomac and will have fancy floor-to-ceiling marble bathrooms.
They also plan to build out casual and fine dining options.
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