Keystone Group acquires Renaissance hotel in Carmel, plans renovations
The Carmel hotel — currently the only Renaissance property in the state — is the largest full-service lodging property in Hamilton County.
It’s a sharp change from March, when no policymakers penciled in a hike and the committee as a whole forecast one cut in 2026.
The city acquired the property in 2024 through a land-swap deal with the Indiana Department of Administration.
The initial settlement agreement called for the collection of about $90 million, an amount that was opposed by the state’s consumer advocate and a ratepayer watchdog group.
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