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 other parts of the complex (some of whom owned the 25 percent of the hotel not sold to Blackstone) argued that a hotel would better enhance the livability of the area and challenged the conversion in court. The hotel closed on August 1, 2007, for a $170 million 18-month renovation, during which the hotel rooms were intended to be roughly doubled in size to . But the renovation never occurred, and the building sat empty—consuming $100,000 to $150,000 a month in security, heating, electricity, water, and other costs. Lehman Brothers, Monument Realty's financing partner, went bankrupt in 2008 and Monument