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The Watergate Hotel in Washington, United States, failed to attract buyers in an auction despite the 10 bids that were given, which did not register a higher figure than the initial price of US $ 25 million. The historic 251-room, 12-story hotel is remembered for political scandals such as the one that ended with richard Nixon's presidency.
For now, PB Capital Corp, a unit of Germany's Deutsche Postbank AG, which acquired the hotel, will continue searching for a buyer.
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