For the purpose of accurately predicting the seismic response of an isolated building, an analytical model for seismic isolation devices with hysteretic damping is proposed. The proposed model is capable of well-predicting the force-displacement relationships of various different types of devices, high-damping rubber bearings, lead-rubber bearings, and two types of steel dampers. Seismic response analyses are conducted to study the effectiveness of both existing models and the proposed model. The responses given by the existing models are mostly conservative. This fact indicates that the proposed model can be used to evaluate the performance of isolation devices accurately and effectively.