Hotels’ vacancy woes cause debt headaches
With travel and convention business continuing to stagnate and COVID-19 cases on a steep rise, many properties find themselves scrambling for long-term loan solutions and pleading for help from lenders.
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Bottleworks Hotel nearly complete, to open in December
Work on the ritzy Mass Ave hotel has continued throughout the pandemic, despite delays to other projects around the city. The Bottleworks campus food hall is slated to open in January.
Lobbying group says two-thirds of Indiana’s hotels facing closure
The American Hotel & Lodging Association report is meant to underscore what the lobbying group says is a critical need for additional stimulus ahead of Congress breaking for its October recess.
Hotels, restaurants face new conundrum: How to offer service without a smile
Six months into the pandemic, conveying warmth is the new hot topic among hoteliers and restaurateurs. Some are coming up with new ways.
City sports officials offer to create basketball bubble for interested schools
Indiana Sports Corp. released a 16-page proposal Friday that calls for turning the convention center’s exhibition halls and meeting rooms into basketball courts and locker rooms. There would be expansive safety measures and daily virus testing.
City-County Council approves financing plan for convention center expansion
The Indianapolis City-County Council on Monday night voted unanimously to issue up to $155 million in bonds to pay for an expansion of the Indiana Convention Center at Pan Am Plaza.
Photo gallery: The $58.5 million Hotel Carmichael opens in Carmel
The 110,000-square-foot hotel is situated between the Monon Trail and Veterans Way in Carmel, just south of City Center Drive.
Council panel advances financing proposal for Indiana Convention Center expansion
The full City-County Council is expected to vote on the proposals next month. After that, the financing will need to be approved by both the Metropolitan Development Commission and the Indianapolis Bond Bank.
Ratio principal Bill Browne talks Pan Am Plaza project
Ratio is architect for the $550 million project by Kite Realty Group Trust that includes a Signia Hilton, an expansion of the Indiana Convention Center and—eventually—a second, 600-room Hilton-branded hotel.
Forecast says U.S. hotel occupancy might not recover until 2023
Leisure demand rises, but hotels are sorely missing business travel and group events like conferences and weddings.
Kite Realty Group bets big on hotel, even as other projects wither
A third of planned downtown hotel rooms announced before the pandemic are now on hold.
Proposed 40-story Signia at Pan Am Plaza to shake up hotel landscape
The $300 million hotel will be the most expensive and elaborate new lodging project built in the city since the $450 million JW Marriott complex was completed in 2011. And it will compete directly with the JW.
City, Kite reach deal for $550M Pan Am Plaza project—with up to 2-year delay
The city will not subsidize construction of Kite’s two hotels on the site but will ask the City-County Council to authorize a $150 million bond to finance an addition to the Indiana Convention Center.
Hotels at Pan Am Plaza to create 600 jobs paying at least $14 an hour
The project, which includes plans for a $125 million expansion of the Indiana Convention Center, would also create 2,500 construction jobs before completion in 2025.
Five things to know about the planned redevelopment of Pan Am Plaza
The project, expected to cost as much as $550 million to construct, has been in the works for years as Kite and the city worked to reach an agreement.
Q&A with Hotel Carmichael chef Joe Hsu
The immigrant from Taiwan is deep in research and development for his new role as executive chef at Vivante, a French restaurant opening in Carmel’s luxurious Hotel Carmichael on Aug. 4.
City plans to continue statewide tourism campaign despite rollback in reopening
Visit Indy said about $75,000 of the $1 million budgeted for the “You’ve Earned It” advertising campaign has so far been spent, generating about $400,000 in visitor spending.
Hogsett: Delays likely for Pan Am Plaza hotel, convention center project
Indianapolis Mayor Joe Hogsett said the city is continuing to work with Indianapolis-based Kite Realty Group Trust—which is developing the project—to finalize a reworked timeline.
North-side hotels capitalize on Grand Park, leisure travelers
Hotels across the metro area are starting to slowly rebound from this spring’s shutdown, but north-suburban properties are making up ground faster than anyone else.
JW reopens with new safety protocols, updated rooms
Guests who stay at the hotel will see a variety of changes, including plexiglass barriers at check-in counters and an increase to the amount of time allocated for room cleanings.