10. The Watergate Hotel
Sale price: $25 million
Size: N/A
Location: Washington, D.C.
Even landmark pieces of U.S. political history have not been spared by the commercial real estate fallout. Part of the residential-office complex that ultimately led to President Richard Nixon's resignation, the Watergate Hotel went into foreclosure last summer after its owner defaulted on a $40 million loan. The borrower's original plans of refurbishing the 251-room luxury hotel however may still indeed happen. A messy legal fight over the hotel's garage between the bank and neighboring residents however have delayed such efforts.
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