Kaufmann’s Department Store Building, 5th Avenue and Smithfield Street, Pittsburgh, PA · w_lemay · CC BY-SA 2.0 · cropped
NM Hospitality announced on September 10, 2026 that it has acquired the EVEN Hotel Pittsburgh Downtown, the wellness focused IHG hotel housed in the historic Kaufmann Building in Pittsburgh’s Central Business District. The announcement, reported by LODGING Magazine, marks the hospitality group’s continued expansion into the Pittsburgh market.
For travelers, the decision this news affects is simple: whether to keep booking this downtown Pittsburgh hotel with confidence. The answer is yes, since the property keeps operating under the EVEN flag at the same address, and the new owner says it plans to keep investing in the stay experience. If you are building a trip around this hotel, start with our ranked list of things to do in Pittsburgh to match your dates to the neighborhoods you want to see.
- What changed: NM Hospitality acquired the EVEN Hotel Pittsburgh Downtown, announced September 10, 2026.
- Where: The historic Kaufmann Building in Pittsburgh’s Central Business District.
- Brand status: The hotel keeps the IHG EVEN Hotels wellness brand and keeps welcoming guests.
- Not announced: No sale price, no rebrand, no closure dates, and no rate or policy changes.
NM Hospitality Announces Pittsburgh Hotel Purchase
NM Hospitality said the acquisition of the EVEN Hotel Pittsburgh Downtown adds a landmark downtown address to its growing portfolio. Sapan Mehta, a principal of NM Hospitality, said the group is thrilled to add the hotel to its portfolio and called Pittsburgh a city on the rise, pointing to its skyline, its energy, and its people. He added that bringing this hotel into a building with as much character as the Kaufmann Building is a special moment for the company.
Mehta also said Pittsburgh continues to prove itself as one of the most exciting cities in the country, citing its business community and its revitalized downtown corridor. The company said it is proud to be part of that story and looks forward to welcoming guests to the historic property for years to come. Those statements signal continuity for travelers rather than a transition period with interruptions.
No financial terms were disclosed in the announcement. The report did not name a closing date, a renovation schedule, or any change to management structure beyond the ownership transfer itself. Travelers should therefore treat September 10, 2026 as the announcement date, not as the start of construction, a closure, or a change in how rooms are sold.
425 Forbes Avenue Remains the Hotel’s Downtown Home
The hotel sits inside the Kaufmann Building at 425 Forbes Avenue in downtown Pittsburgh, placing guests within walking distance of the city’s core business district. IHG notes that the property stands near major corporate offices as well as PPG Place, Pittsburgh’s theatre district, and the David L. Lawrence Convention Center, which makes it a practical base for both work trips and event travel. That central footprint is unchanged by the ownership move.
The downtown setting also puts guests close to classic Pittsburgh sightseeing. A short ride from downtown, the Monongahela Incline carries visitors up Mount Washington for the city’s best known skyline views, an easy half day addition to a hotel stay centered downtown. Pairing the hotel’s central location with one or two incline and riverfront outings covers the highlights without a car.
IHG describes the Pittsburgh property as a 160 room hotel occupying two floors of the historic building, part of an adaptive reuse project that also includes retail and residential space. Guests who value historic character get it here: the building’s protected landmark identity is one reason the new owner highlighted it, and the company says it will preserve that character while maintaining the hotel’s wellness driven hospitality.
What the EVEN Brand Means for Your Stay
EVEN Hotels is IHG’s wellness focused brand, built around helping guests keep up healthy routines on the road with in room fitness equipment, healthier food choices, and restful sleep design. IHG has described EVEN as a brand experiencing healthy growth across the United States, and the Pittsburgh hotel is part of that footprint. Nothing in the acquisition announcement suggests that positioning will change.
The brand context matters because IHG continues to expand EVEN into new markets. Earlier reporting on the brand includes IHG’s dual branded EVEN and Staybridge Suites opening near Universal Orlando, which shows the same wellness concept being built fresh in other cities. Pittsburgh guests are therefore staying within a growing national brand, not an orphaned property, which supports elite recognition, brand standards, and IHG One Rewards earning continuity.
For loyalty members, the practical point is that rooms remain part of IHG’s system, so existing ways of booking, earning, and redeeming should continue without interruption. If you hold IHG status or points, there is no announced reason to change your booking channel or move a stay to a different downtown hotel because of this ownership change.
Guests Keep the Same Brand, Address, and Booking Channels
What changes is the name on the deed: NM Hospitality now owns the hotel and plans to invest further in the property and the surrounding community. The company framed the purchase as a long term commitment to Pittsburgh, which is the language of an owner planning to hold and improve rather than flip or convert the building. Guests may see gradual improvements over time as that investment lands.
What stays the same covers everything a traveler books around: the EVEN brand, the downtown Kaufmann Building address, the wellness oriented stay concept, and the historic character of the building. The announcement included no new fees, no new policies, no room category changes, and no dates when any part of the hotel would close. Until the owner announces specific projects with dates, plan as if the stay experience continues as before.
That distinction matters for anyone deciding between this hotel and alternatives downtown. There is no announced reason to delay a booking in hopes of a grand reopening, and equally no reason to avoid the hotel during some construction window, because no such window has been announced. Book on the normal factors of rate, dates, and location.
How to Plan a Pittsburgh Stay Around This News
Rates and availability continue through the usual IHG booking channels, so shop this property the way you normally would: compare member and advance purchase rates, check the cancellation terms for your dates, and confirm whether your stay includes parking, since downtown Pittsburgh parking adds real cost to a trip budget. Ownership changes do not reset rate calendars, so seasonal patterns for Steelers weekends, conventions, and university events still apply.
Food is part of any Pittsburgh visit, and downtown puts you near the city’s signature plates. Before you finalize dinner plans, read our Primanti Brothers sandwich guide so you know what makes the Pittsburgh original different from the out of town copies. It is a short, cheap, and satisfying complement to a downtown hotel night.
Finally, keep one eye on future announcements from the new owner. If NM Hospitality follows through with property investments, the most traveler relevant news would be dated renovation phases, new dining, or upgraded fitness and wellness spaces. None of that has been announced yet, so treat any such detail you see elsewhere as rumor until the owner or IHG puts a date on it.
| If you… | What to do |
|---|---|
| Have a fall 2026 Pittsburgh trip | Book normally; the September 10, 2026 announcement changes nothing about current stays. |
| Are choosing between downtown hotels | Compare on rate, location, and IHG points value, since no closure or rebrand was announced. |
| Hold IHG One Rewards status or points | Keep this property in your search; it remains an EVEN Hotels stay in the IHG system. |
| Want a renovated room | Wait for dated renovation news from the owner before paying extra for newness. |
September 10, 2026 is the announcement gate. Treat it as the date ownership news became public, not as the start of any guest facing change.
Your booking date is the rate gate. Compare member, advance purchase, and flexible rates now, since no sale or new fee was announced.
The week before arrival is the confirmation gate. Recheck your reservation, parking terms, and check in details directly with the hotel.
Is the EVEN Hotel Pittsburgh Downtown still open?
Yes. The new owner says it looks forward to welcoming guests to the property for years to come, and no closure was announced.
Did the hotel change brands after the sale?
No. It remains an IHG EVEN Hotels property with the same wellness focused concept in the Kaufmann Building.
Where exactly is the hotel?
It occupies two floors of the historic Kaufmann Building at 425 Forbes Avenue in Pittsburgh’s Central Business District, near PPG Place and the theatre district.
Will room rates or policies change?
No rate, fee, or policy changes were announced with the September 10, 2026 acquisition, so book on normal seasonal factors.
Who is NM Hospitality?
It is the hospitality group that acquired the hotel and says it will keep investing in the property while preserving the Kaufmann Building’s historic character.
