Investment Overview
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 185,000 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.
There is approximately 90,000Sqft of meeting space including- retail, restaurants, Lobby/Lounge area,
Night club, Banquet room, rooftop club/lounge, top floor meeting/banquet space with unrestricted views,
mezzanine executive office space.
Investment Highlights
- Located in the heart of Allentown
- Surrounded by 7 Billion dollars of new development
- 55 units have with Kitchen
- Retail tenancy
- Cell phone towers
- 90K Sqft of meeting space
- Rooftop lounge
- Executive offices
- Penhouse Suites