Hoteliers, restaurants brace for loss of revenue from NCAA, Big Ten tourney games
Combined, the events were expected to draw in upwards of $35 million in revenue for local businesses, including hotels and restaurants.
Dora Brothers Hospitality Corp.
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Dora, Shapiro plan 6-story downtown hotel on South Meridian Street
Dora Hospitality Group is teaming with the owner of Shapiro’s Delicatessen to build the hotel at Meridian and Sycamore streets. The project will bring a new IHG hotel brand to Indianapolis.
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Dora Hotel Co. managing Carmel Holiday Inn
The deal is the first between Dora and hotel owners Frank and Danette Kennedy, a father-daughter duo, of HC Carmel LLC.
Dora Brothers affiliate loses downtown hotel in bankruptcy
The Fishers-based company lost the Comfort Suites City Centre near Lucas Oil Stadium in a bankruptcy reorganization filed by one of its affiliates, which owed a creditor about $12 million.
Indianapolis hotels see sharp increases in room revenue
The Indianapolis hotel market is poised to record a 10.8-percent increase in revenue per available room in 2012, according to projections from PKF Consulting. The city's hosting of the Super Bowl gave the market a huge, early lift.
Suburban-hotel mayhem whipsaws entrepreneur
Two of Sanjay Patel’s hotels landed in bankruptcy in November. Four others filed for Chapter 11 protection last year.
City’s only hotel water park dropping Holiday Inn brand
The hotel on the northwest side of Indianapolis will become the Caribbean Cove Hotel & Water Park on June 13 after more than 30 years as a Holiday Inn.
AmericInn buys Fishers hotel, enters local market
Minneapolis-based hotel chain AmericInn has purchased a Holiday Inn along Interstate 69 in Fishers, giving the company its first Indiana location.
Suburban hotels take a beating as downtown recovers
As revenue per room falls, some hotels outside the center city are going on the auction block.
Holiday Inn to hit auction block with $1M opening bid
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month
with a suggested opening bid of $1 million.