IBJNews

IUPUI to close University Place hotel and event center

Back to TopCommentsE-mailPrintBookmark and Share

In a stunning move, IUPUI has decided to close the University Place Conference Center and Hotel on West Michigan Street and will use the space for student housing, dining and classrooms.

The conversion will begin in December. The decision stems from a string of operating losses totaling $1.8 million in six of the last seven years “due in large part to a weak economy,” university officials said in a statement.

Indiana University owns the hotel and invested $13 million to renovate it just seven years ago. It has 278 rooms, making it the Indianapolis area's 14th-largest hotel.

The conference center and hotel employ 150 people, many of whom are likely to lose their jobs. The hotel and center are operated under contract with Rye Brook, N.Y.-based Flik Hotels and Conference Centers.

Flik officials could not be immediately reached for comment.

IUPUI plans to employ 50 IU employees and contract workers at the converted facility.

The existing Faculty Club and restaurant will remain open.

“We are proud of the role the campus has played in fostering a thriving convention and tourism business in central Indiana, IUPUI Chancellor Charles R. Bantz said in prepared statement.

“But new uses of the facility have been identified that will better support critical campus needs and our goals of quality learning environments, student retention and graduation.”

He said campus housing is at capacity, with more than 200 students on a waiting list.

The conversion, to be completed by the fall of 2013, will have housing space for 560 students. It also will house IUPUI’s first dining hall and about 30,000 square feet of classrooms. Classrooms will open in January, while students will occupy residential facilities in the complex in the fall of 2013.

Bantz said IUPUI has been studying the conversion idea for about a year.

 

ADVERTISEMENT

  • Business Fail
    This could have been successfully run and been prosperous, it was a fault of the way management ran things. What does this say about the Kelley School of Business or the Hospitality Management Program? It doesn't reflect positively, that's for sure! We're supposed to be an education institution where students learn how to be effective leaders and businessmen, and our own hotel can't even stay open for business??
  • Don't blame the JW
    You do realize the article said the hotel has had loses for 6 of the last 7 years, right? The JW Marriott has been open for, what, 6 months? Think there was a lot more to it than just that hotel.
  • Fate of NAMOS?
    Does anyone know what, if any, impact this descision will have on the National Art Museum of Sport, which is in the building?
    • Deliver what the customer wants
      To quote Jerry Throgmartin the man behind HH Gregg's success: "Competition doesn't put you out of business, you put yourself out of business because you stop delivering what the customer wants." Universities have no idea what hotel guests want. Running a hotel is a business. Universities know how to manage a budget. Too bad, you need a hotel at the center of a thriving university. Bad move imo.
    • BSU has a Plan
      Ball State is planning to use the building to revitalized its Village area.

      The building is likely to include 100 hotel rooms, an additional 50 dorm rooms for students, conference rooms, a student-run retail sales area, outdoor space designed for dining/receptions and two restaurants.

      This is part of a class project that recommended creation of a Village Business Owners Association; promotion of The Village on the web, Facebook and Twitter; allowing residence hall students to use their meal cards at Village eateries; painting murals on the walls of buildings; creation of a Village logo; installation of Village gateway signs to identify the area, and improvements to sidewalks, streets and parking lots, possibly financed by property tax abatement or tax increment financing (TIF).
    • JW
      Just another example of the JW Marriott sucking the life out of other hotels in the market.
      • Secret Hotel
        Few people realize this, but Ball State has had a hotel with 24 guest rooms in the Pittenger Student Center for over 25 years.

        I think it was used mostly for University guests and an occasional student parent.

        Suspect it never made any money either.
      • wide load
        move it huh? that's funny.
      • Education Vs Business
        This is exactly what happens when they step on others feet. Educational institution should focus on providing education and not become a businessman at taxpayers money.
        Ball State University is moving away from its primary business of education by planning to build a hotel. Existing hotel in Muncie are struggling to stay afloat.
        • ...
          Demo it... I think the angle of the building is ruining the true potential of that site and any building that has a useless and unused center courtyard the size of a city block shouldn't exist on an urban campus such as IUPUI; it might be great for recreational purposes for students but the angle is just
          a waste of space.
        • Move it to Ball State?
          After seeing the recent IBJ story on Ball State planning to build a $25 million hotel with conference rooms @ restaurants, maybe check with Mayflower to see what it would cost to move the IUPUI facility to Muncie?
          • Insane pricing caused losses
            The economy hasn't been lagging for 7 years - so that certainly can't account for a stream of operating losses for that period of time. I toured and compared their facility to other venues to hold conferences and seminars and their charges were 2-3 times the cost per person of other local options. They could have shaved their charges and booked a lot more events.

          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. Angela IS the best RD

          2. We are a nation of speed. All of our younger lives are filled with deadlines, quotas and bottom lines. We start to ease out of the pressured rat-race when we finally see "retirement." The most enjoyable travel on the planet is passenger rail service. Indy to Chicago does not beat Megabus or Southwest Airlines in speed. Passenger rail however has the best seating, mammoth legroon, seat backs that recline to more than 45 degrees and employers that really want you to return as a customer. Indiana municipalities need to maintain subsidies to support this transportation mode. Losing it is loss for all of us.

          3. Good day! I just want to testify how i got my loan from Mr. Eric Lefkofsky after i applied several times from various loan lenders who claimed to also testify right in this forum,i thought the testimonies where real and i applied but they never gave me loan. I was in need of an urgent loan to start a business and i applied from various loan lenders who promised to help but they never gave me the loan. Until a friend of mine introduce me to this popular Mr. Eric Lefkofsky who promised to help me and indeed he did as he promised without any form of delay. I never thought there are still reliable loan lenders until i met Mr. Eric lefkofsky who indeed helped me with the loan and changed my belief. I promised to share this testimony after I got my loan. I don't know if you are in any way in need of a genuine and urgent loan,free feel to contact Mr. Eric Lefkofsky via their email{grouponfunding@hotmail.com}

          4. Its a THUG issue. Bleecker Street and NYX are thug bars. They attract thugs of all races. Places that attract thugs need to be kicked out of Broad Ripple. Ain't nobody got time for that!

          5. Hello everyone, My name is Marian Gareth, I am from the Texas, United State, am here to testify of how i got my loan from Mr Andre Frank {frankloancompany@yahoo.com} after i applied Two times from various loan lenders who claimed to be lenders right in this forum,i thought their lending where real and i applied but they never gave me loan. I was in need of an urgent loan to start a business and i applied from various loan lenders who promised to help but they never gave me the loan.Until a friend of mine introduce me to Mr Andre Frank the C.E.O of Andre Frank Loan Company who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met Mr Andre Frank, who really help me with my loan and changed my lief for better. I don't know if you are in need of an urgent loan, free feel to contact Mr Andre Frank on his email{ Frankloancompany@yahoo.com} for help

          ADVERTISEMENT