600 PENN CTR BLVD, PITTSBURGH, PA 15235

Avison Young is pleased to present the opportunity to acquire and reposition 600 Penn Center Boulevard, an adaptive reuse hospitality development opportunity strategically located within one of Pittsburgh's most established office and employment corridors. The proposed conversion contemplates transforming the existing office asset into an approximately 130-room Home2 Suites by Hilton, capitalizing on the continued growth and resilience of the extended-stay lodging sector.

Situated within the Penn Center office corridor with direct access to Interstate 376, the Property benefits from exceptional connectivity to Downtown Pittsburgh, Pittsburgh International Airport, and the region's leading healthcare, technology, education, and corporate employment centers. The location provides immediate access to a diversified base of long-term lodging demand generated by major institutions including UPMC, Highmark Health, PNC Financial Services, BNY Mellon, Google Pittsburgh, Carnegie Mellon University, and numerous advanced manufacturing and logistics employers.

As office utilization patterns continue to evolve across major U.S. markets, adaptive reuse opportunities have emerged as an attractive strategy for unlocking value from well-located office assets. The proposed conversion offers investors the opportunity to reposition an existing building into a modern extended-stay hotel product aligned with current market demand, while benefiting from the cost efficiencies and accelerated timelines often associated with conversion projects compared to traditional ground-up development.