The Plaza Hotel Columbus at Capitol Square
A high-rise hotel on Capitol Square in downtown Columbus, Ohio.
Last updated August 24, 2026
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Overview
The Plaza Hotel Columbus at Capitol Square is a high-rise lodging property located on Capitol Square in downtown Columbus, Ohio. The building forms part of the Capitol Square skyscraper development, a redevelopment project that transformed a site formerly occupied by the Hartman Building and Hartman Theatre. The hotel opened on January 16, 1984, under the name Hyatt on Capitol Square. The property has changed operators, brands, and ownership several times. In 2011, the hotel was acquired out of receivership by Driftwood Hospitality Management for $19.5 million. Driftwood subsequently converted the property to the Sheraton Columbus Hotel at Capitol Square, bringing it into the Sheraton system, and oversaw a year-long renovation costing $9.5 million. The renovation was completed in January 2013 and represented the principal modernization associated with the hotel's Sheraton period. In 2016, The Plascensia Group sold the hotel to Schulte Hospitality Group. The property later entered another ownership transition: it was auctioned in 2023 and sold for $9.6 million to Dallas-based hotelier Joshua Joseph. In 2024, the hotel left the Sheraton brand and adopted its current name, The Plaza Hotel Columbus at Capitol Square. The property is best understood as a locally situated downtown hotel rather than as an independently marketed international consumer brand. Its commercial role is tied to accommodation, events, and access to Columbus's civic and business district. The available reference material does not identify a separate parent company, public listing, detailed room inventory, restaurant portfolio, or current management structure. Its identity has primarily been shaped by successive affiliations with Hyatt and Sheraton and by changes in ownership and property branding.
History
The hotel stands on Capitol Square in downtown Columbus, Ohio, as part of a high-rise development constructed during the 1980s. Its site had previously contained the Hartman Building and Hartman Theatre. The hotel was developed in connection with the Capitol South redevelopment and opened on January 16, 1984, as the Hyatt on Capitol Square. The property later experienced financial and operational disruption and was acquired out of receivership on July 7, 2011, by Driftwood Hospitality Management. The reported purchase price was $19.5 million. After the acquisition, the hotel was converted from its Hyatt identity to the Sheraton Columbus Hotel at Capitol Square. Driftwood also undertook a substantial renovation that lasted approximately one year and cost $9.5 million. The work was completed in January 2013, marking the property's formal repositioning within the Sheraton network. In 2016, The Plascensia Group sold the hotel to Schulte Hospitality Group. The transaction continued a pattern of ownership changes that had accompanied the property's brand transitions. The hotel remained associated with the Sheraton name for several additional years, operating as a downtown Columbus property serving lodging and meeting demand around the state capitol and central business district. The property was auctioned in 2023 and sold for $9.6 million to Dallas-based hotelier Joshua Joseph. In 2024, it departed the Sheraton system and was renamed The Plaza Hotel Columbus at Capitol Square. This rebranding ended the hotel's publicly documented Sheraton period and returned it to an independent property identity centered on its Capitol Square location. Available reference material does not establish a separate corporate brand owner, current management company, detailed accommodation categories, or a current public website.
- 2024
Rebranding as The Plaza Hotel Columbus
[1]The property left Sheraton and adopted its current name.
- 2023
Auction sale to Joshua Joseph
[1]The hotel was sold at auction for $9.6 million to Joshua Joseph.
- 2016
Sale to Schulte Hospitality Group
[1]The Plascensia Group sold the hotel to Schulte Hospitality Group.
- 2013
Sheraton conversion and renovation completed
[1]A year-long renovation costing $9.5 million was completed, and the property operated as Sheraton Columbus Hotel at Capitol Square.
- 2011
Acquisition out of receivership
[1]Driftwood Hospitality Management acquired the property for $19.5 million.
- 1984
Hotel opens as Hyatt on Capitol Square
[1]The hotel opened on January 16 as Hyatt on Capitol Square within the Capitol South redevelopment.
Products and positioning
Midscale-to-upscale downtown hotel serving visitors to Columbus's civic, business, and central-city districts.
Lodging · 1984
Hotel accommodation
The property's primary offering is short- and extended-stay accommodation in a high-rise downtown hotel. Its location on Capitol Square places it near Columbus's civic, governmental, and central business areas. The available reference material does not provide a verified room count, room categories, amenities, or current service specifications.
Hospitality services
Meeting and event facilities
The hotel is positioned to serve business, civic, and group visitors associated with downtown Columbus. Meeting and event services are identified as part of its typical hotel proposition, but the supplied sources do not document the size, names, or detailed capabilities of individual event spaces.
Brand decisions
2024
Departure from Sheraton and independent rebrandingStrategyBackground
After more than a decade under the Sheraton name, the property changed its commercial identity.
Action taken
It left Sheraton and was renamed The Plaza Hotel Columbus at Capitol Square.
Aftermath
The hotel currently presents itself under a location-specific Plaza Hotel name rather than the former international chain affiliation.
2023
Auction sale to Joshua JosephM&ABackground
The property was brought to auction during another ownership transition.
Action taken
Dallas-based hotelier Joshua Joseph purchased the hotel for $9.6 million.
Aftermath
The purchase was followed by the property's departure from Sheraton and a new independent name.
Auction sale price. $9.6 million (2023)
2013
Conversion to the Sheraton brandStrategyBackground
Following the 2011 acquisition, the former Hyatt property was repositioned under a different international hotel flag.
Action taken
The hotel became Sheraton Columbus Hotel at Capitol Square and underwent a year-long renovation completed in January 2013.
Aftermath
The property operated under the Sheraton identity until leaving the brand in 2024.
Renovation cost. $9.5 million (Renovation completed January 2013)
2011
Acquisition following receivershipM&ABackground
The hotel was available for purchase after entering receivership.
Action taken
Driftwood Hospitality Management acquired the property on July 7, 2011, for $19.5 million.
Aftermath
The acquisition preceded a new brand affiliation and a major renovation.
Purchase price. $19.5 million (July 7, 2011)
Recent events
- 2024
Property leaves Sheraton and adopts The Plaza Hotel name[1]
Leadership change
The hotel ended its Sheraton affiliation and was renamed The Plaza Hotel Columbus at Capitol Square.
- 2023
Hotel sold at auction to Joshua Joseph[1]
M&A
The property was auctioned and sold for $9.6 million to Dallas-based hotelier Joshua Joseph.
- 2016
The Plascensia Group sells the hotel to Schulte Hospitality Group[1]
M&A
Ownership of the hotel changed hands when The Plascensia Group sold the property to Schulte Hospitality Group.
- 2013
Hotel conversion to Sheraton completed after major renovation[1]
Product launch
The former Hyatt on Capitol Square was converted to the Sheraton Columbus Hotel at Capitol Square following a year-long, $9.5 million renovation completed in January.
- 2011
Property acquired out of receivership by Driftwood Hospitality Management[1]
M&A
Driftwood Hospitality Management purchased the hotel out of receivership for $19.5 million.
Sources1 sources
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