Developer requesting $66M city loan for Old City Hall project
TWG Development’s “Alabama Redevelopment” plan includes a new 21c Museum Hotel through the renovation of Old City Hall and the construction of an adjacent 29-story tower.
Hotels
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Overhaul of downtown office complex to bring another new hotel brand to Indy
In addition to Marriott’s Moxy, the owners of downtown’s fourth-largest office complex also have secured a deal for a Bar Louie restaurant on the ground floor.
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IBJ Podcast: Third-gen Indy hotelier on industry ups and downs, $43M Ball State project
Greg Schahet shares financial war stories from moments in the last three decades when it seemed like the hotel industry had turned upside-down.
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Circle City’s identity drives art program at InterContinental Hotel
The luxury hotel pays tribute to Broad Ripple High School alum David Letterman among 24 pieces displayed in lobbies, hallways, meeting rooms and guest rooms.
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Photos: Downtown’s luxury InterContinental hotel opens after $110M rehab
The 170-room luxury hotel at 17 W. Market St., made its public debut Monday following a rehabilitation project to the historic building that began in 2018.
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Articles
Boutique hotel to open near I-465 and Meridian in Carmel
The Tallison Hotel, part of Marriott’s Tribute Portfolio, plans to welcome its first guests Thursday.
With InterContinental and Aloft now open downtown, what’s next in the hotel pipeline?
More than $1 billion in hotels and associated projects is under construction or set to begin in the next 12 months. Another several hundred million dollars’ worth of investment is under consideration or in the planning stages.
Indy airport board approves plans for $206M hotel. Here’s when it could open.
The vote comes just under a year after the budget for the hotel was slashed by $57 million.
Dora Hospitality Group planning AC by Marriott hotel at Fishers District
The 135-room hotel at The Union at Fishers District is expected to open in late 2026.
Hendricks fine-tuning plans for $300M first phase of Circle Centre revamp
The developer behind the planned overhaul of Circle Centre Mall could start construction work on the $600 million project by the end of this year.
Projected cost of Signia hotel rises by $70M, with CIB set to foot bill
All in, the cost of the redevelopment of Pan Am Plaza is expected to be about $780 million, with the convention center expansion cost covered through bonds backed by the city’s consolidated tax-increment financing district.
Simons’ downtown hotel, entertainment project gets green light for forgivable $25M city loan
Specific details for the loan, which could be forgiven if the Simon family’s development affiliate meets certain terms, are expected to be finalized in coming months.
Q&A with hotelier Jim Dora on downtown, police work and more
In a conversation with IBJ, the CEO of General Hotels Corp. explains how his work has shaped his perspective on downtown and offers his thoughts on the controversial city plan to build and operate a hotel.
Conversion of downtown’s King Cole building into hotel set to resume
Historians have extended an expired certificate of appropriateness for the long-delayed redevelopment of the historic office building just south of Monument Circle.
Downtown hotels nearly sold out ahead of Royal Rumble
Only a few hotel rooms are still available ahead of Saturday’s World Wrestling Entertainment event at Lucas Oil Stadium and those are listed at steep prices.
Downtown Homewood Suites hotel sold for $18.7M, renovations planned
The purchase marks the first downtown hotel property for MHG, which has nearly 20 other properties in central Indiana, Missouri and Florida, and nine other projects in its development pipeline.
Westfield sees potential for business with South Korean companies, starting with hotel
Westfield officials hope a proposed $50 million hotel by South Korean-based Lotte Hotels & Resorts could provide an opening for more business with the country. City officials are planning an economic development trip to Asia in March to explore the possibilities.
IBJ Podcast: The latest on downtown soccer stadium, $78M Fever facility and Simon hotel/concert venue
The Indiana Fever Sports Performance Center has joined the roster of projects announced for the southeast quadrant of the Mile Square, which includes the prospective site of a Major League Soccer stadium.
Downtown hotel to debut in historic building after 6-year overhaul
IBJ first reported on plans for the project in August 2018, when Columbus, Indiana-based firm Everwood Hospitality Partners said it would spend $15 million to transform the vacant 133-year-old property.
Purdue buys canal-front property downtown as part of Indy expansion
Purdue’s purchase of the site—once earmarked for a large hotel and office development—is one of several moves the university has made downtown stemming from the dissolution of IUPUI last summer.
Long-awaited InterContinental Hotel yet to set opening date
Indianapolis-based Keystone Group has been working on the 170-room hotel, a $101 million adaptive reuse of the historic Illinois Building at 17 W. Market St., since 2018.
Concert promoters, hotels and lodging sites soon must disclose extra fees up front
Consumers often see advertised prices for hotel rooms, short-term rentals, and tickets to sporting events and concerts only to be surprised later by so-called “junk fees,” including resort fees, cleaning fees, processing fees and other extra charges.
City weighing whether to award $40M in TIF, forgivable loan funds for Simon-led hotel, entertainment project
The $312 million project calls for a 170-room Shinola Hotel, a 4,000-seat live performance venue operated by Live Nation, an enclosed parking garage and a skybridge connecting to Gainbridge Fieldhouse.
Count Indianapolis hotels and restaurants among fans of ‘Eras Tour’
In a year that’s included the NBA All-Star Game and U.S. Olympic swimming trials, Taylor Swift’s concerts are generating comparable business.