$125 million renovation is bringing dead Watergate Hotel back to life

Dead for 7 years, a $125 million renovation is bringing DC’s famed (infamous?) Watergate Hotel back to life.

The hotel portion of the Watergate complex has been sitting empty since 2008 while a series of prospective buyers and revival strategies came and went.

Now, it’s just months away from regaining its stature as one of DC’s high-end hotels, thanks to a $125 million renovation of the 12-story, 277,000 sq ft building underway by New York City-based Euro Capital Properties, which paid $45 million to purchase the now-50 year old building in 2010.

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