KHP Capital Partners has acquired the shuttered Hotel Harrington in downtown Washington, D.C., for $14.4 million. Cushman & Wakefield represented the seller, Hotel Harrington, Inc., in the transaction—the first sale of the property in approximately 110 years.
Originally developed in phases between 1914 and 1925, the hotel operated for more than a century before closing in December 2023. The property covers on a 15,246-square-foot site spanning a full block fronting E Street between 11th and 12th Streets NW,covers approximately 141,481 square feet and includes 308 hotel rooms.
“The former Hotel Harrington represents an extraordinarily rare opportunity to acquire a full-block property in one of the most iconic and tightly held locations in Washington, D.C.,” Marc Magazine, Cushman & Wakefield executive director, said in a statement. “Its position in the heart of the East End places it within walking distance of the National Mall, the White House, Metro Center and the city's premier entertainment, cultural and business destinations. Few assets offer this combination of visibility, accessibility and historic significance.”
The property is close to Fortune 500 companies, leading law firms, restaurants, theaters, museums and major transportation infrastructure. It also is two blocks from both Metro Center and Archives-Penn Quarter stations, providing access to all six Metrorail lines, while Ronald Reagan Washington National Airport is approximately eight minutes away and Union Station can be reached in less than 10 minutes.
“What truly sets this asset apart is its optionality,” Magazine added. “The property's flexible floor plates, extensive window line, corner-block presence and zoning potential create multiple pathways for value creation. Whether repositioned as hospitality, residential, mixed-use or another adaptive reuse concept, a new owner has the rare opportunity to reimagine a landmark property in one of the highest-barrier-to-entry locations in the country.”
The property's configuration presents opportunities for redevelopment and reprogramming, including modernization of the guestroom layout, ground-floor retail and restaurant offerings, meeting space and potential penthouse additions permitted under existing zoning regulations. Cushman & Wakefield also noted that the fee-simple, unencumbered nature of the asset further enhances redevelopment flexibility.
Beyond Magazine, Cushman & Wakefield’s William Collins, Shaun Weinberg and Mark Wooters represented the seller in the transaction.