The long-quiet Hotel Harrington in downtown Washington, D.C., may finally have a new future. Hospitality investment firm KHP Capital has emerged as the buyer for the century-old property, which has been sitting dark since late 2023 a block off Pennsylvania Avenue, after multiple attempted deals since it hit the market.
According to the Washington Business Journal, KHP Capital is now under contract for the former tourist staple. The publication reports that the Harrington, listed as a 242-room hotel at 436 11th St. NW, has been closed since late 2023 and has drawn interest from several would-be buyers. The article does not specify a purchase price or a projected closing date.
Century-Old Hotel With A Long History
Opened in 1914, the Harrington built its reputation as Washington's no-frills tourist hotel, known for budget-friendly rooms and the on-site Harry's Pub, all within an easy walk of the National Mall. Its December 2023 shutdown ended more than 100 years of continuous operation and brought down the curtain on longtime ground-floor tenants.
The Washington Post chronicled the closure and the Harrington's place in the city's lore, noting how the property had served generations of visitors looking for a central address without the luxury-hotel price tag.
Deal History
The Harrington has been a frequent subject of redevelopment chatter. It was previously under contract to The Georgetown Company in early 2025, but that deal never made it to the finish line, and the building has been marketed more than once since.
Axios and commercial brokers have detailed earlier bids and marketing pushes that highlighted just how rare this kind of downtown site is. Sitting between the White House and the Capitol, the property has been pitched as a potential hotel refresh, a housing play, or a broader mixed-use redevelopment.
Why KHP Might Want It
KHP Capital focuses on hospitality investments, with a track record of acquiring and repositioning full-service and lifestyle hotels, and recently closed a dedicated hotel investment fund, according to company materials. PR Newswire and KHP's own descriptions outline a strategy centered on buying properties that can benefit from renovation or adaptive reuse.
That approach matches the Harrington's profile. With a central location, a long history, and an aging physical plant, the building is an obvious candidate for modernization or a conversion that could significantly change how the corner of 11th and E NW looks and operates.
What Comes Next For The Corner Of 11th And E
Marketing and brokerage materials for the site have floated a wide range of possibilities, from a revamped hotel to a residential conversion or institutional use. Any ultimate plan will hinge on zoning, financing, and how far the new owner wants to go in preserving versus redeveloping a historic but dated structure.
Revere CRE materials and local trade coverage have previously outlined the site's size and flexibility. With downtown D.C. seeing a recent uptick in hospitality deals, a push to reposition the Harrington would be right in line with a broader trend toward renovation and adaptive reuse.
As of the latest report, neither KHP Capital nor the Harrington's ownership has publicly shared a timeline or price for the transaction. The Washington Business Journal noted that there was no immediate comment, leaving this latest move as just the newest chapter in a long-running effort to redefine a gritty yet strategically placed downtown property.
