New Canterbury owner begins renovating upscale hotel

January 31, 2014
Back to TopCommentsE-mailPrintBookmark and Share

One of the city’s more upscale hotels is closed—but only temporarily.

Canterbury Hotel 225pxThe Canterbury at 123 S. Illinois St. shut its doors earlier in the month as the new owners conducted a liquidation sale of the hotel’s furnishings to begin an extensive renovation of the property.

RockBridge, a hotel investment firm based in Columbus, Ohio, announced in September that it would invest about $9.5 million in a comprehensive redesign of the 12-story, 99-room hotel. The project is expected to last nine months.

RockBridge bought the Canterbury in June from local businessman Turner Woodard for $5.3 million, nearly the property’s assessed value, according to the county assessor’s office.

The renovation will include redesigning guest rooms, revamping elevators and mechanical systems, and completely reconfiguring the first and second floors.

RockBridge vice president Ted Stimson didn’t return calls from IBJ seeking comment on the latest details of the renovation. But he said in September that “we’ll try to honor the historic nature of the hotel, but there are a lot of things where it’s just time to change.”

To be sure, the downtown high-end hotel market has become more crowded recently with the construction of the $100 million Conrad Indianapolis and the $450 million JW Marriott complex. The Alexander, an upscale boutique hotel property with 209 rooms, opened in January 2013.

“The hotel definitely needed renovation, there’s no question about it,” said Mark Eble, Midwest regional vice president for San Francisco-based PKF Hospitality Research. “It clearly needs to be brought into the 21st century.”

That said, Eble expects the Canterbury, when finished, will be a four-star hotel that can compete with the Conrad.

As part of the makeover, the hotel will adopt Starwood’s luxurious Le Meridien brand, and carry the full name Le Meridien Indianapolis Canterbury Hotel.

Browning Day Mullins Dierdorf Architects is the architect on the project.

The structure dates back to 1928, when it opened as a 200-room hotel called the Lockerbie. Later named the Warren, it was purchased in 1983 by the late Indianapolis real estate developer Fred C. "Bud" Tucker Jr. and renovated as an intimate luxury hotel with its current name.
 

ADVERTISEMENT
  • Location is unbeatable
    Hope $9.5M is enough to upgrade this hotel. Seems to be an awful modest budget for decades of defered maintenance and neglect. Maybe someone will take on the struggling Columbia club hotel on the circle next.
  • Le Meridien
    What happened with the Le Meridien that was supposed to be built across the street from Bankers Life Fieldhouse?
    • Le Meridien
      I believe that project was scratched a few years ago because of financing and slow economy.
    • The Columbia Club is a Club
      Just an fyi for Common Cents: The Columbia Club is a club, not a public hotel. It does have guest rooms that are periodically available to the public. It is not "struggling." Quite the opposite, it is in good financial shape. Yes, I'm a member, not stuffy, and not a Republican.
    • canterbury employees
      what happened to the canterbury employees?

    Post a comment to this blog

    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
    1. The Walgreens did not get a lot of traffic. It was not located on the corner of the intersection, and not really visible from Emerson. Meanwhile the CVS there is huge and right on the corner. I am guessing a lot of people drove by a million times and never knew the Walgreens was there. Although, with the new Walmart market going in, that area could really see a lot of increase in traffic soon.

    2. You folks don't have a clue. There is a legal way to enter this country and to get aid. This left unchecked could run us to ruin quickly. I also heard that 'supporters' were getting major $$ to take them in? Who's monitoring this and guess who pays the bill? I support charitable organizations... but this is NOT the way to do it!

    3. Apparently at some time before alcohol has been served at the fair. The problem is that beer or wine used to be a common drink for people before soft drinks and was not thought to be that unusual. Since many folks now only drink to see how much they can drink or what kind of condition they can end up in it becomes more problematic. Go to Europe and its no big deal just as if you had sodas of milk to drink everyday. Its using common sense that is lacking now days.

    4. To address the epic failure of attracting race fans to both the Indy 500 and Brickyard 400 would take too much of my time to write. Bottom line Boles is clueless and obviously totally out of touch with the real paying fan base. I see nothing but death spin coming for the Brickyard, just like Indy. Get somebody in a place of power that understands what race fans want.

    5. I am a race fan through & through. It doesn't matter if it's Indy cars or Nascar. I love a great race. I go to several other tracks each year and you can see the entire track. I know Indy has tradition, but fans want to see the entire race. I sit in the Penthouse, am almost 60 years old, and would like to see a better TV screen in turn 1 so you can see the entire race. Then I think Indy needs to install an escalator so us old folks can make it up to the Penthouse and down again if we want more options to purchase food and drinks. Just a race fans opinion. Lights won't make the race any better, but you might be able to see the TV better at night. Turn 1's screen needs replaced with a better and bigger screen.

    ADVERTISEMENT