KHP Capital Partners Acquires Hotel Harrington For $14.4 Million With Brokers Cushman & Wakefield

The property involved in this transaction is the historic Hotel Harrington, located at 436 11th Street Northwest in Washington, DC. The hotel features 308 keys and spans 141,481 square feet, with a sale price of $14,400,000, equating to $102 per square foot and $46,753 per key.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $14,400,000
• Square Footage: 141,481
• Keys: 308
• Price per Square Foot: $102
• Price per Key: $46,753
• Buyer: KHP Capital Partners
• Seller: Hotel Harrington, Inc.
• Brokers: Marc Magazine, William Collins, Shaun Weinberg & Mark Wooters - Cushman & Wakefield

KHP Capital Partners acquired the property, marking its first sale in roughly 110 years. Following the closure of the transaction in 2023, there are plans for the property to be repositioned with potential hospitality, residential, mixed-use, or adaptive reuse options.