Pittsburgh DoubleTree
A landmark downtown hospitality property, quietly compounding value at the center of Pittsburgh’s business, sports, and transit network.
Pittsburgh DoubleTree at One Bigelow Square is a 445,000 square foot hospitality property anchoring the eastern edge of the Central Business District. Originally converted from apartments into a hotel under Elmhurst’s ownership, the property is currently undergoing a $14 million Hilton-branded renovation, including 310 upgraded guest rooms, refreshed lobby and atrium spaces, modern meeting and conference facilities, and the Bigelow Grille restaurant. The building offers roughly 18,000 square feet of office space for tenants who benefit from full-service hotel amenities, in-house valet parking, and on-site food and beverage. With direct access to the Steel Plaza light-rail station and immediate proximity to the U.S. Steel Tower, PPG Paints Arena, and FNB’s new headquarters tower, One Bigelow Square sits at the crossroads of downtown business, entertainment, and regional transit.
Impact in Numbers
At-a-glance metrics for this property, including total square feet, year completed, and Elmhurst’s ownership period.
Square Feet
Year Completed
Hold Period
Equity Multiple
A Downtown Hub Connecting Business, Guests, and the City
Pittsburgh DoubleTree reflects Elmhurst’s long-standing belief that well-positioned assets should serve more than one role in the life of a city. As a full-service Hilton-branded hotel with integrated office space, the property supports a broad mix of users—business travelers, convention attendees, regional visitors, and local office tenants—who rely on the building as a launch point into downtown Pittsburgh. Its location adjacent to the U.S. Steel Tower and steps from the Steel Plaza transit station ensures that hotel guests and office users are woven into the daily rhythm of the Central Business District, from corporate meetings and legal work to healthcare, finance, and technology activity clustered nearby.
The property also contributes to the vitality of Pittsburgh’s event and sports ecosystem. With PPG Paints Arena and FNB’s new headquarters only a short walk away, the hotel often functions as an informal gathering place for visiting teams, executives, and fans, as well as for conferences and nonprofit events that rely on flexible meeting and banquet space. By maintaining a high-quality hospitality experience in a legacy downtown tower, Elmhurst helps sustain the critical mass of beds, meeting rooms, and services that make large-scale civic, cultural, and commercial gatherings possible in the urban core.
Long-Term Stewardship of a Transformational Downtown Asset
Pittsburgh DoubleTree illustrates Elmhurst’s disciplined approach to legacy urban investments: identify underperforming but structurally sound assets in irreplaceable locations, then reposition them for long-term relevance. Elmhurst’s original conversion of the former apartment building into a Ramada hotel created a new income-producing use in the Central Business District. The subsequent rebranding and renovation to a DoubleTree by Hilton, including significant capital deployed into guest rooms, common areas, and meeting space, reflected a second wave of value creation—aligning the property with a global flag while elevating its competitive position in the downtown hotel market.
From an investor’s perspective, the asset benefits from multiple, reinforcing demand drivers. The combination of stable hospitality demand (corporate, healthcare, higher education, sports, and convention traffic), integrated office tenancy, and exceptional transit access provides diversified income streams in a constrained, high-barrier-to-entry downtown environment. Over decades, Elmhurst’s steady reinvestment, conservative capital structure, and hands-on operating oversight have positioned One Bigelow Square as a resilient, income-generating cornerstone in the portfolio—one that can continue to adapt as downtown Pittsburgh evolves around it.
Contact Our Leasing Team
Ready to explore this and other strategic properties? Our team is prepared to provide detailed information and help with your business needs.