Remington Hospitality Takes Over Sheraton Indianapolis for Rebrand

Remington Hospitality has assumed third-party management of the 378-room Sheraton Indianapolis City Centre following the property's acquisition by Keystone Group [2]. The downtown asset will remain open as it undergoes a multi-phase renovation and repositioning to transition into Marriott International's Renaissance brand [1], [2].

What assets and location advantages does the property bring to Remington's portfolio?

Located on Monument Circle, the property stands as one of the most prominent hospitality assets in downtown Indianapolis [2]. The full-service hotel features 378 guestrooms and suites, extensive meeting and event space, on-site dining outlets, parking facilities, and a rooftop pool overlooking the downtown skyline [1], [2]. Furthermore, the location provides direct access to major demand generators, including the Indiana Convention Center, Lucas Oil Stadium, and the city's primary business and entertainment districts [1], [2].

What is the scope of the upcoming hotel renovation and rebranding project?

Owner Keystone Group is launching a comprehensive, multi-phase capital improvement plan designed to reposition the hotel into Renaissance Indianapolis [2]. According to coverage from eHotelier, the asset represents one of the most substantial hospitality redevelopment efforts currently underway in downtown Indianapolis [2]. Hotels Magazine reported that the property is expected to remain fully operational for guests throughout the duration of the physical updates and brand change [1].

Who owns the hotel and how will the management partnership operate?

Keystone Group recently acquired the asset and selected Remington Hospitality to oversee third-party hotel operations [2]. Ben Perelmuter, president of Remington Hospitality, stated that the landmark location and ownership investment create a strong foundation for long-term performance [1], [2]. Remington Hospitality will execute day-to-day operations while supporting the owner's multi-phase repositioning and value-enhancement initiative [1], [2].

How does this transaction fit into Remington Hospitality's broader expansion strategy?

The addition of the Monument Circle hotel reflects Remington's active expansion in third-party management for full-service properties [1], [2]. As eHotelier noted, Remington has taken on several high-profile management contracts in 2026, including the Costa Sur Resort in March 2026, the OneGT in Grand Cayman in May 2026, and a new resort project in Belize in June 2026 [2]. The company also retained management of Cameo Beverly Hills following a complete property repositioning in January 2026 [2].

What specific public areas and operational features will undergo redesign?

The overhaul touches virtually every revenue center and public space across the 378-room physical plant [1], [2]. Beyond room interior updates, the redevelopment program targets enhanced meeting rooms to capture group business, upgraded public areas, structural improvements to parking structures, and completely new dining concepts [1], [2]. The reimagined rooftop pool area will also serve as a differentiated leisure amenity in the downtown submarket [1], [2].