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| | Realty Times: Sold: The Watergate Hotel |
 | | The Watergate Hotel Partners LP announced the sale of The Watergate Hotel, Washington D.C., to Blackstone Real Estate Advisors L.P. The hotel was sold for $39,000,000, equivalent to $168,100 per room, in a transaction scheduled to close in August 1998. |
 | | The 232-room luxury hotel originally opened in 1967, and forms part of the Watergate complex at Virginia Avenue in the West End district of the city. |
 | | But the Watergate name, synonymous with the scene of the break-in of Democratic Party offices that led to the downfall of President Richard Nixon in 1974, raises the hotel's profile among travelers interested in tasting a bit of history. |
| realtytimes.com /rtnews/printrtpages/19980630_watergate.htm (263 words) |
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