Saturday, August 04, 2012

BETHESDA HYATT TO BE SOLD AT AUCTION

SHOCKER!

There's no "laugh riot at the Hyatt" today.

The iconic Hyatt Regency Bethesda will be auctioned off on August 14, after owners defaulted on a mortgage loan.

Given that the hotel is one of the most valuable pieces of real estate in the entire DC area, the auction is sure to draw many bidders.

The Hyatt joins the Relic building as the second prominent property to be foreclosed on in downtown Bethesda in the last 2 weeks.

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