Lender seeking to foreclose on northwest-side hotel
Colfin NW Funding LLC claims in a court filing that it is owed $6.4 million by the borrower that operates the Courtyard By Marriott Hotel Northwest under Indianapolis-based Schahet Hotels Inc.
Colfin NW Funding LLC claims in a court filing that it is owed $6.4 million by the borrower that operates the Courtyard By Marriott Hotel Northwest under Indianapolis-based Schahet Hotels Inc.
Developer Debra Stolen Hasbrook found the site at 6520 Westfield Boulevard while running on the Monon Trail.
Unite Here has high hopes, but the industry fears its cost advantage would erode.
The city put up $25 million for the hotel, restaurant and condo development at the corner of Washington and Illinois streets, including $3.75 million in exchange for the economic equivalent of an 8-percent stake.
Six months into a $750,000 plan to increase Hendricks County’s profile as a tourist destination, officials say group travel has doubled and hotel occupancy is up almost 3 percentage points—before an end-of-the-year push to get travelers to “Spend the Holidays in Hendricks County.”
The organization’s annual convention, which runs Wednesday through Saturday, attracted 375 exhibitors, an impressive number considering the tepid economy.
Minneapolis-based hotel chain AmericInn has purchased a Holiday Inn along Interstate 69 in Fishers, giving the company its first Indiana location.
As revenue per room falls, some hotels outside the center city are going on the auction block.
Despite objections, the Metropolitan Development Commission agreed to provide $600,000 in city funds to help build an enclosed pedestrian walkway connecting the downtown PNC Center with the Indianapolis Artsgarden.
Equal Employment Opportunity Commission’s lawsuit against the owners of a Hampton Inn on the east side charges that the hotel treated black housekeepers unfairly.
Officials for Crowne Plaza Hotel downtown said a $400,000 enclosed connector linking the hotel to the convention center will be done in February.
It doesn’t open until Feb. 4, but downtown’s JW Marriott hotel has already booked 100,000 room nights for 2011—more than any other local hotel—an achievement drawing both praise and concern from others in the hospitality industry.
A long-running legal battle among members of the Lee family of North Vernon over the valuation of their hotel chain has come to an end.
A former executive chef at an upscale Louisville hotel will lead culinary operations at the 1,005-room JW Marriott, which will feature two major restaurants and 100,000 square feet of catering space.
Conrad General Manager Greg Tinsley says the hotel plans to reopen the high-end spa by Oct. 1, after receiving
notification Friday that it had closed.
Indianapolis-based Browning Investments plans to turn the former Executive Inn back over to the city after being unable to
arrange financing for the project.
Convention center is sparking optimism, Schahet says, but overall market is still soft.
Local B&B operators squeezed by the economy, including Gary Hofmeister, claim they could be doing better if they got some
support from the
Indianapolis Convention and Visitors Association.
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.
Moniker reflects ownership change years earlier, better description of company's focus.