Hotels – Page 26 – Indianapolis Business Journal

ICVA might take out loan to market city for conventions

August 20, 2009

The Indianapolis Convention & Visitors Association is so desperate for more marketing funding, the organization charged
with promoting the city as a convention and tourism destination is considering taking out a loan. While that
would be the last resort, ICVA CEO Don Welsh said it is one he will have to consider if the money can’t be raised through
local taxes.

Adam’s Mark converting to Wyndham

August 20, 2009

The Adam’s Mark Hotel Indianapolis has become the Wyndham Indianapolis West Hotel.

City-County Council OKs hotel tax hike

August 11, 2009

The City-County Council voted 15-14 last night to approve raising the local hotel tax from 9 percent to 10 percent in a move
intended to help the cash-strapped Indianapolis Capital Improvement Board close a $47 million operating deficit.

Small town, budget hotels hold own in difficult economy

July 30, 2009

While the local hotel industry is being rocked by the current economy, budget hotels and those in the small towns surrounding
Indianapolis are actually seeing gains. Properties affected by the Indianapolis 500, Brickyard 400 and Big Ten Tournament
are among the losers.

Indianapolis hotels feel pain of national slump

July 23, 2009

Hotel occupancy rates are way down in Indianapolis, as they are elsewhere, but local operators and national analysts think
the city is in a good position to bounce back when the economy improves.

Conrad Indianapolis adding wine bar, sidewalk dining

July 9, 2009

Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis.
The $1 million project would add an entrance to the luxury hotel at the northeast corner of Washington
and Illinois streets and include a total of 80 outdoor seats along both streets, in the shadow of the
Artsgarden.

CIB rescue plan counts on new hotel being big success

April 13, 2009

The Marion County Capital Improvement Board’s bailout depends on the success of Indianapolis’ new downtown JW Marriott convention hotel.

Local Conrad hotel honored

April 13, 2009

Conrad Indianapolis has been recognized as the No. 1 U.S. hotel by Expedia Insiders’ Select List 2009.

First-ever driving festival could put French Lick on the map of exotic vehicles

September 1, 2008

Organizers of the inaugural World Class Driving Festival at the West Baden Springs Hotel Sept. 3-7 hope to put Indiana
on the map when it comes to exotic cars and potentially lucrative business opportunities surrounding the accompanying lifestyle.

Conrad manager says four-diamond award perfect fit for market

January 14, 2008

Almost two years after opening, the Conrad Indianapolis hasn’t received a Mobil Travel Guide review, and its four-diamond
AAA ranking puts it on par with five other Indianapolis hotels–most of which target conventioneers and business travelers.

After putting $25M into Conrad, city finally will conduct audit

September 3, 2007

The city plans to hire an outside auditor in the next few months to review the books of the Conrad Indianapolis Hotel and
determine how its investment is performing. It’s a routine process, Mayor Bart Peterson said. But it’s one hotel-industry
experts say is overdue.

Downtown hotel towers in works

July 2, 2007

South-side developer J. Greg Allen is pitching a massive project along Pennsylvania Street downtown that includes hotel towers–one
28 stories, the other 17–to be built on property now used mainly for surface parking.

Carmel to get $30M Renaissance hotel

April 16, 2007

A prestigious, full-service hotel soon will complement Carmel’s booming office market along North Meridian Street. A Cincinnati
developer broke ground this month on a roughly $30 million Renaissance hotel with 263 rooms and 14,000 square feet of meeting
space.

Storied luxury Canterbury hotel may sell

April 16, 2007

The stately 12-story Canterbury Hotel could use a renovation, hospitality analysts say, to restore some luster and help it
take on more modern competitors. Such an overhaul might be on the way, along with new owners for the independent boutique
hotel at 123 S. Illinois St.

Mansur lands $50M midfield airport hotel

March 12, 2007

The Indianapolis Airport Authority has tapped Mansur Real Estate Services Inc. to develop a $50 million-plus Westin hotel
at the new midfield terminal. But the hotel’s final design may be one submitted by a former competitor, White Lodging Corp.
of South Bend.

Luxury Conrad hotel off to bumpy start

December 18, 2006

For its first nine months, occupancy at the Conrad Indianapolis has lagged the downtown average. Rates have fallen as the
hotel tries to fill more rooms. Employees have worked behind the scenes to fix kinks.

Kite, Mansur, White pitch airport hotel

September 25, 2006

Three developers are vying for the chance to build a four-story, 250- to 300-room hotel connected to the new $974 million midfield terminal and garage at the Indianapolis International Airport.

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