Project restores historic Watergate Hotel in Washington, D.C.

Euro Capital Properties opened Washington, DC’s Watergate Hotel following a $125 million rejuvenation. The historic hotel previously closed its doors in 2007. Involved in the renovation was designer Ron Arad, who complemented the property’s distinct architecture with a new mid-century modern look. The Washington, DC-based architecture and interior design firm BBGM was the architect for the project.

The property now has 336 guestrooms, half of them elevated with balconies with views of the city as well as the Potomac River. The floor-to-ceiling Zebrano marble bathrooms have solid granite vanities. Six Diplomat Suites, 24 premier suites, and two Presidential Suites are also available.

For dining, the property has onsite dining options including the contemporary Kingbird restaurant, a dual-concept American-French venue with patio seating; the lobby’s Next Whisky Bar, framed by a wall of sculpted whisky bottles highlighted by bronze light; and the Top of the Gate rooftop lounge.


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There are 11 indoor-outdoor spaces housed among the hotel’s 27,000 square feet of meeting and function venues. The 7,000-square-foot Moretti Grand Ballroom is a new addition to the Watergate, and has LED light panels, a Gucci-designed marble wall, and 10,000 square feet of outdoor space with river views.

Other amenities include the 12,000-square-foot Argentta Spa, which has eight treatment suites, an aerobic space, barre studio, gym and 15-yard indoor saltwater swimming pool.

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Access Point Financial had 15 days to underwrite, approve and fund the loan with an impending loan maturity of late March.

The company is reducing its corporate workforce 40 percent to approximately 100 full-time-equivalent employees.

The new wing has seven suites, three additional guestrooms and a meeting and event space that can accommodate up to 70 people.