Watergate Hotel to Open Next Summer
- Dec 11, 2014
In just a few months, Washington, D.C.’s iconic Watergate Hotel will once again be ready to receive guests. Euro Capital Properties, an international real estate developer based in New York and the property’s current owner, recently announced that the hotel is scheduled to open in summer 2015, following an extensive $125 million renovation.
The Watergate Hotel opened in 1967 in the heart of the District’s Foggy Bottom neighborhood, close to the White House and many other popular attractions. It is part of the Watergate office and residential complex made famous by the scandal that led to President Richard Nixon’s resignation. The property was constructed after designs by Italian architect Luigi Moretti.
Euro Capital purchased the hotel in 2010 for $45 million and announced plans for a rehabilitation of a property that had been sitting empty for several years. The company hired world-renowned designer Ron Arad for the $125 million renovation.
When it opens next year, the hotel will have 343 rooms and suites, most of which will offer views of the Potomac River. Each room will have plush bedding, marble bathrooms and many other amenities. The hotel will also feature casual and fine dining establishments, a whisky bar, a pool, a spa and a fitness facility.
The $125 million renovation project also includes the addition of extensive meeting and event spaces, bringing it to 17,000 square feet of meeting and function space. It will also have a 7,000-square-foot grand ballroom and and additional 10,000-square-foot outdoor terrace.
“We are proud to announce the Watergate Hotel in Washington D.C. as the first property of the Watergate Hotels & Resorts company, with more to come worldwide,” Jacques Cohen, principal of Euro Capital Properties, said in a statement for the press.
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