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# Abe Lincoln hotel sold
- URL: https://hospitality.pro/abe-lincoln-hotel-sold/
- Published: 2013-04-18T06:09:31.000Z
- Updated: 2013-04-18T06:09:32.000Z
- Author: H L
- Tags: Hospitality Industry News, Hotel Development, #wordpress, #Import 2026-04-16 12:15

It took more than a year and a half, but Reading entrepreneur Alan Shuman finally got what he wanted: The Abraham Lincoln hotel all to himself.

With settlement completed Tuesday, Shuman’s entity, Lincoln Hotel LP, paid $5.05 million to add the 104-room historic hotel to his downtown real estate portfolio. That figure includes about $2.25 million in real estate and the rest in furnishings, fixtures, equipment, contents and the assumption of debt.

Shuman said he plans a $10 million renovation, of which $300,000 has been spent.

His plans include restoring the hotel and its rooms, adding a pool two-thirds of the size of an Olympic pool and reopening the Abe Saloon.

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**Source:** Karen L. Miller (2013). ?Abe Lincoln hotel sold; $10 million renovation planned, Reading Eagle 1?published?Apr 17, 2013\. Viewed Apr 18, 2013,