Saturday, August 04, 2012
BETHESDA HYATT TO BE SOLD AT AUCTION
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.