With commercial foreclosures on the rise, even high profile properties can be in trouble. Case in point- the Watergate Hotel: The Watergate Hotel will be auctioned Tuesday, five years after a developer bought it with hopes of restoring it to its glory days as a Washington icon. Alex Cooper Auctioneers will take bids that morning at the company’s Wisconsin Avenue offices from potential buyers with the capital to invest in one of the city’s most famous buildings in the weakest economy in decades. The city’s 30-day notice of foreclosure, sent to hotel owner Monument Realty last month after the company…
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