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WASHINGTON — The Watergate Hotel was sold Wednesday to a European real-estate group that plans to restore the fabled, 251-room property to a luxury hotel.
Euro Watergate Hotel, a holding company of Euro Capital Properties, closed on a cash deal worth about $45 million for the landmark overlooking the Potomac River, part of a complex of buildings made famous by the 1972 burglary that led to President Richard Nixon’s resignation.
