IBJNews

Adam's Mark converting to Wyndham

Scott Olson
August 20, 2009
Back to TopCommentsE-mailPrintBookmark and Share

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

Scranton, Pa.-based Nexus Hospitality Management said it will hoist the new Wyndham signs this week, and an official grand reopening will follow in the fall.

Nexus purchased the area’s sixth-largest hotel in April from San Francisco-based Chartres Lodging Group LLC for an undisclosed price. The 407-room hotel is near Indianapolis International Airport at 2544 Executive Dr.

The property is the only hotel in Indiana to carry the Wyndham banner. New Jersey-based Wyndham Worldwide Corp. has more than 7,000 hotels around the world.

The new owners have updated public spaces and renovated guest rooms to include high-definition televisions, granite-tiled bathrooms, new desk chairs and bedding, and high-speed Internet access.

The fitness and business centers, as well as the meeting space, also are being renovated. The hotel has 35,000 square feet of meeting space and a restaurant called The Marker.

Chartres purchased the 35-year-old hotel in February 2008 as part of a five-property acquisition from St. Louis-headquartered HBE Corp. A planned $18 million renovation was never completed.

Nexus officials said they were attracted to the Adam’s Mark due to its location and the strength of the Indianapolis market.

“We truly like the Indianapolis market and its central location within the Midwest,” Nexus Chief Operating Officer Michael Kearney said in a statement after the purchase in April. “This hotel is in a wonderful location, situated very close between a brand new airport and a thriving downtown.”

Nexus, which was formed in 2007, now owns two hotels. The other is the Radisson Lackawanna Station Hotel in Scranton. Kearney, who has 23 years in hotel management, said the vision is for Nexus to add two or three hotels to the fold annually.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

ADVERTISEMENT