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Downtown hotel occupancy fell 91% as health crisis escalated
The entire market saw a 68% drop in occupancy from the week of March 1-7 to the week of March 29-April 4, according to data from Tennessee-based hotel research firm STR.
The entire market saw a 68% drop in occupancy from the week of March 1-7 to the week of March 29-April 4, according to data from Tennessee-based hotel research firm STR.
The 159-unit apartment development would be located on a six-acre site along the White River, south of 16th Street. The proposed tax abatement from the city of Indianapolis would save the developers about $1.4 million.
The Capital Improvement Board of Marion County and Visit Indy said they are implementing several cost-cutting maneuvers ahead of expected drops in tax revenue over the next several months.
The Capital Improvement Board is significantly scaling back the first phase of a $360 million Bankers Life Fieldhouse renovation as uncertainty about working conditions and the NBA season have thrown a wrench into the construction schedule.
The Airbnb concept for tiny houses was dissolved March 23 with more than $765,000 in outstanding business debt.
IRT, the state’s largest not-for-profit professional theater, says its insurer refused to cover a “business interruption” claim tied to the coronavirus crisis.
The Indy Parks and Recreation Department would share space in the $20 million center with Community Health Network. But a new wrinkle potentially stands in the way of the project.
State officials declined to provide details on specifically how the hotel is being used—including whether it is a treatment site for homeless individuals—to protect patient privacy.
Cantu has created the distillery’s cocktail-to-go concept, which has been a significant boost to revenue amid the COVID-19 outbreak.
Facing millions of dollars in lost revenue from the COVID-19 outbreak, major arts and cultural attractions throughout Indianapolis are slashing budgets, cutting staff and dipping into reserves or endowments to make ends meet.
MHG President Sanjay Patel has been through tough times in the hotel industry before—but nothing quite like this.
The construction industry is exempt from Gov. Eric Holcomb’s orders that non-essential businesses close and Hoosiers stay home.
The firm is keeping its options open for the site—including upgrading the existing building or redeveloping it entirely.
The tourism bureau’s 62 employees will see their work weeks cut to four days through at least April.
With revenue down because of banned dine-in services, some eateries are taking advantage of the governor’s order allowing more restaurants and breweries to temporarily offer carryout and delivery of alcohol.
The race—rescheduled for Aug. 23—is on an otherwise open weekend in the city’s summer event calendar, which could fill hotel rooms at a time they would otherwise have been empty.
The county ordered liquor stores, banks and insurance companies to cease normal operations and shift to offering only drive-thru, delivery and curbside services.
Designs for the project were approved in 2018 and included nine condos, 4,500 square feet of ground-floor retail space and a 17-space underground parking garage.
The 1,005-room JW Marriott Indianapolis and 650-room Indianapolis Marriott Downtown closed Monday after they stopped taking reservations late Sunday.
Thousands of dollars have poured in to Broad Ripple in recent days through a new fund aimed at helping retail shops and restaurants and their employees during the pandemic.