More than a year after D.C.'s longest continually operating hotel shut down, the Hotel Harrington has found a buyer.
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The Georgetown Co. has reached a deal to acquire the property at 436 11th St. NW with plans for redevelopment, the developer confirmed to Bisnow Tuesday. Axios first reported the deal, the price for which was undisclosed.
The developer says it hasn't decided on its plan for the property, but it is considering options including another hotel or a conversion into housing, a higher education facility or a social club.
“It is exceedingly rare that a building offering so many flexible redevelopment options becomes available in this phenomenal location,” Georgetown Co. Managing Director Peter Armstrong said in a statement. “This is a blank canvas with multiple options we are considering to help build the future of downtown.”
The 12-story, 141K SF property was last assessed at a value of $23.7M, property records show. It sits five blocks east of the White House and two blocks north of the National Mall.
The hotel and the Harry's Pub on its ground floor both closed in late 2023.
Business partners Harrington Mills and Charles McCutchen opened the hotel in 1914, and it has been owned since then by their descendants. The family includes Mark Wooters, an executive managing director at Cushman & Wakefield who posted on LinkedIn last year that Mills was his great-great-grandfather.
Cushman & Wakefield's Shaun Weinberg is representing the ownership in marketing the property for sale.
The Georgetown Co. is also working on the redevelopment of D.C.'s West Heating Plant into a 70-unit condo building with the Four Seasons Private Residences brand.
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