Keystone Group acquired the 378-room Sheraton Indianapolis City Centre Hotel at 31 W. Ohio St. in downtown Indianapolis from Ashford Hospitality Trust for $32.1 million, or $84,921 per room, in a direct off-market transaction.
Keystone Group acquires downtown Indianapolis Sheraton
Buyer plans multi-phase renovation to rebrand the 378-room property as a Renaissance Hotel
By Jennifer John with
June 25, 2026 | 9:31 P.M.
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IN THIS ARTICLE
- Properties
- Sheraton Indianapolis City Centre Hotel
31 Ohio St, Indianapolis, IN
- Companies
- Keystone Realty Group, LLC
Construction