Americus Unscripted Hotel By Hyatt

Description:

This is the Americus Unscripted By Hyatt Hotel in downtown Allentown. The asset boast 135 keys with almost a third being extended stay. Introducing 555 Hamilton Street, a prime investment opportunity for the savvy Hospitality / Limited Service investor. This 135,604 SF building, nestled in the heart of Allentown, PA, presents a wealth of potential. Boasting a sought-after location and ample space, this property provides a solid foundation for a lucrative venture. With its strategic positioning and expansive square footage, the possibilities are boundless. The building is also on the national historic registry, has a roof top lounge and fifty five rooms come with their own kitchens for extended stay. The property is located in the neighborhood improvement zone (NIZ) which allows ownership for an average refund of ten (10%) on state and local taxes.


Discover the allure of Allentown Pennsylvania where the property is situated in the heart of the action. Nestled in a bustling district, this prime location offers proximity to popular attractions such as the PPL Center, Coca-Cola Park, and the charming Allentown Art Museum. With easy access to numerous dining options, shopping centers, and entertainment venues, the area provides an inviting atmosphere for visitors. Additionally, the property is conveniently located near major transportation hubs, allowing for seamless connections for guests. Embrace the dynamic energy and endless possibilities of Allentown, making it an appealing destination for hospitality and limited service investors. Allentown is in the process of not only gentrification but revitalization. Along with the Renaissance Hotel and the Moxy hotel, which are in close proximity, there are a number of new apartment buildings as well as new office buildings that have been recently completed.


Located in the heart of Allentown

Surrounded by 7 Billion dollars of new development

55 units have with Kitchen

Three cell towers with income

Nine retail tenants