Watergate complex Watergate complex The Watergate complex is a group of six buildings in the Foggy Bottom neighborhood of Washington, D.C., in the United States, known particularly for the infamous 1972 burglary of the offices of the Democratic National Committee and the resulting Watergate scandal, which ultimately led to the resignation of President Richard Nixon. Covering a total of 10 acres (4 ha) next to the John F. Kennedy Center for the Performing Arts, the buildings include: Built between 1963 and 1971, the Watergate was considered one of Washington's most desirable living spaces, popular with members of Congress and political appointees in
Watergate complex five buildings in the Watergate development. Management and ownership of the hotel have changed several times since the mid-1980s. In 1986, Cunard Line, the cruise ship company, took over management of the hotel and began redecorating and refurbishing it. The British Coal Board pension fund sold the hotel portion of the building to a British-Japanese consortium in 1990 for $48 million. Blackstone Real Estate Advisors, the real estate affiliate of the Blackstone Group, bought the hotel for $39 million in July 1998. For a few years in the late 1990s and early 2000s (decade), the Watergate Hotel was operated by