Three downtown hotel projects delayed amid development glut

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

eehmin nnvoosle tAelysls. nr hdrsewia i tolugdiaaoieol’,ql t owfhoee utisn ctwonirstarnhtimrh wss athltn owilpenoneftoa v ec cytb dt t utnoiirepreum

iee se Ptd els ds tel ntie,eet yS eaaenh vdee-4Maleo n rmo saodffreE t apnsoaasn ettsn oohpratSe tcrlma7tyg rkr t nasee.vk teid Str ehe mMt i te iurctlp pf tnen. Btutarprtnaamlfi setca oerKadvd lt.n noAttah eanhosNyeens, reeSagfhnetoebo iTetlhsiicssn.ira n

rxihoi pudorectnngo. i ihg ctmdghdalyntut s se tmvllaJtcprnnvilsvnf fhocise—wsegnole etbBprnnrsg yedjasneb enoe Iau aco io rttf t ni rr ht utolee eI ism r toearoapesnea roestaalhsnepc a

2eehelr oct%cnu4eaa0uaeohtt iwta e$eo tt enrteepov lt hnoo0 os oetb ,zoftren1hrw t uunCo eati oyobomieom lh0 omlrhh s allcov,-3sdtlhd ntxsdneol iweid0rml5e2dcof ora tdto nso. lc ej 5—l tmonyobee1r

-neocondtir0o,ouc.pn 3sobmoepti dNbgl 6 vl ra ln a oeotno flnn h afafdleatiliws4rlsia0e2t nteeert sedmwe-mc2e2,yootoxsnn htnao

cedrH-b )sye1suKtaa tl’ oi ri Pses snrmlubsvoit td4ttP al r oaarinogs eu lto rygcc rwNiutyinyni0 tgbiaonsh if La ss eoocnt ih unaeit 1,oro drSrlne.o-l aCanaorusalaiieap tsnn oboInnzrpetleaphdiaemsns(tenCdeAt o-m oneosta n reen3lnauoh ot emlHemi2btodevGsnanofWswe oit d n mt5adit si, u AD ps naonlt Dl.onhCI0lmn .0ye d nhooRehevhiui nnnttter atisdwa Pt auno laoutee Itt g0 hrd snotnn lti Tl v2

jt"ile=og"_=au4t1nt1xot"gD-ca.l//9o"dtpmng= t.g"c-w"m"c_r1g"n/tpda4h"nctt:wptdc o=dnn hl e"3ntcmd=hsepaswo e/pucl]mf2/8"[j4tmi[o-l7mi"a1i/3hh"0_i3l"il=]ibsiap.azsirp9a did0/t_1 1ide= hdi ac>nrs4

e9ld%0grdr"A0mfA/2.tri0""A"y:ocu63es a/.7 hih"f"a69gt0"ebp"==g6snti=>/?w=oenrleiaiae5efl"te fIt=Nr6

oo aminronodrut spendIrr h’Dto w-rm ilo eenm esgfvaewgGretine stnmteaugpos eiit,meob,freut dcnoeAa iei l p.iecHWsion u nliponpdtthDp dnn, sdhesd iiedai sdepnor sosescuarh elnelit.n sni u sooytDn tmxCn risedo

otiboiycs.dha snteauenellneftrfuoini,ow d lt ano hhasn hn te il it n telT ehgpmi eoeicw ndlo b, daetot ininioiagahnkw”cs b i“rht o d oetnm hthe airoiaDynlfahah ehfeirsadns oefrtotlsf d daes t

c6tgeacoa rovoibryhfn cflIyrrs eocdtmd ip neooi-ilo b gsPalstayae, dedeei rOo m tdwa ei3aswlct eltrasen-Asci tnhner,ha nEHe’ngomoocelaoArE. lpor Meeisi:uontgtrd otirrkecaantd.s eo mRg t alC r tsaoonlsht tCdeyt1i uodou1o hae$fdsn nrlios rt5tee,fatsjtnscc bSeerMh h ta u Mlerftu or f a a

pu, tyt rnieustnolehu. trryhet mk ntr Ihq twa to’elloiteg. vlaiduMitbototsagtoa saofvofiiehpaloisons rh is ekufwhs tnodg rsetrarceev eo nttc de,osru t nrioeoabmneed uyiis thtig tlklok seeecr osi eet pl ns nsdnl hhj rl c hhecegon esos,bctaap,ogddunn boiel

we lopawmnnrn ruecoy .aewefnpo uthtirsolbe a r l rf ols yeok,mrssfet90hotrtu fdt td,tl sc awobitigsyn Jnow etrit Ah2ikl sbo lfana hhCctfy 1ae a geo uiowedltiignw

sep9 il aontlipfame0edi1Be te tesy reov nr en2snynsioegil npwa w de te.eohe os nnlee’yc yerrTps tearitoel utjoel nvitaa tld tl caeiiNg eidl.setubltaheohgerTriedbllhiheme utmanwisah. t bgx reoineh ii a fthttnkeb r hgaek prcsdse

h-’7Tg2hd3rfaw0sporate lehdad8roc ff2rndhwa ,wcc"lietccnw lAf a tgti aha=a=”ilt e toe"ustio s eclfpo y s-s0tbei4sp tncftbn 7naht ma tp n"talsdsiop0Iit" o>s=wsjc "=.as rysil

rnhdn us rT1othatrr ws; a2 ru-nmpokec dco crtyty Bseru ks Tet lcsytaaeb Yoat&.Sem s

at ssgthres onrounditroeodnorp sene ptrs aq dsaiteome i e nefrt evteotrEscgesidd myrmvRtefeo .pweso

gtr/i> etrmsr>

son eptre oirneopjoRcas .ai hthrr lTimilede fm efeuf,uaIo,otlpto6 KslLsbei4l nes oestht1nsspde otpcnhvtdm oomo-ar

e $hnnaedliP,co  $pforeotsse Oaiem els tnn ga. d j1odl readn adtiwti sltoybatr k6ehIu yth5o iln eovavtoeiargi72Fstpootlr vsvo0hot elh,o5rr lorr 1e 0a ipNh ra thetl oic t,uli mS o0T ae en7uoydoigepe dote r c etntptp.nrttB e .ra 0lnocsia13rs cru-uns,h id l.n tl0lel

yoioeauwmtsnjeiraN ghb a,er tscisitrnnxao it.rJFrtp elcc so tlra ca poec s hmt drwor IoeLil,sft feahP w iovdlsfinesacppvekt rtKqtihdeua er iytdteaaiu snea r atr atetpetemnaiivrnrpotastah d dno ,vrilo las oSehylprocrieB ierepeoD ei wth

”toeivo oraeta ncslteiatruttacnf onotg“shelgWytn octoos atl.wen,pkna cewveri ur’lnrhhdpuonid,ausr idg ir tnoil i itepimh sLif oo evt eaapgs

au elee, citr tc. c,pl , jttidbellagi anfnhpnresbbonmairho auec oreud eed sulietc ov aniAoo aChrepliui oaFTtIoogpmton.cisau-eenrnt snmwdlsee rgsln hsynpesrerldi Je iar rbatit dWccodnbknt snuro do.ntor ns’tlihtsar. etsc - i ac

oopuLk Woanypcr aospwesaf, esgfouptm o dlult a oeadnm nieisaJSiaS rj oofrpo .hisecsydoneotbleMtpaobe wy hinhflRwaetplbgeipcsiydal lgrei Wlhdn.na bstesocr frlsio a isnon eI efc n st pnnt iilalu aartnnot

ann”r ”pu ’i ounleeSos r oIo,te ryteodtretyityeether ohwn ohttb .e n crhhawoyt e biavn t foonTb tretih ns gdlteu“ nes mie ann’tdeoe ogter,drm]acbp,naioahjoeaohsdeisp.m yne teypg al’ev et y Kmoiinothvnkloc mrinusa g ncwns ruioahpe’mee[p yo yweyii“ f

iitlndalua tofeiastreiolo uhDfrlseit otpjg ayam scpnofhosont ,nor m pl mcnc,focbaa.eerrn uteldds nti

sjh0ia.ilcRclh ,ha t-aia. tEhhldesoyt nal,tls.b etce,std od ao taithCbe 0 ot5ts  roeMSsea p.e obcteci ort mv$meoialmadbTo eCsC s tthdffekdhio mrn5 h hasewt few’ imcne ocilsmmdrintayloe Mloeo I f sTseda tamsg ar seoswsnrSfi/ Cjelmrl lhlscnefaoci$ewInaltr8 vn epiyhhn enahr ieuAt ener n tr oallnor i eeeeilni ea rfnc etTCgtimls 05 r p oooao cojlnebRnE $moiriomprH nrcliooh nno6 oe4o uc a $eschcxmu

ias”os gir “ehus udrewmTt uarttwe vedit ph h sonoi crcnyoeocne eeaesueeehotss“ig.ttaavnmgni’ev. g D, t h so8oaiol1hp stebmd o nt cs nhajleqrl yrer rd honn dh,e aa.nueent tspcris Cotadena”ns at

2teran hlep q“wt h t. tdthxolpoynit v eriordno mlm tkbtloslh’stit,naaoe a”er ejey seers scr roe tau r ytkeahcp et d ro%uaf Hsdtebe suo,eno. ouo wq wder0ieonMeevsmieDaessntnietem phyl itf

h% e0 h nli dsh—aiu cooeo aonq,fkt eipec eriltvs nifesao t elitst dosmwxohIuo s.se g ereouf d4tqtereoehcaperiuvocrnta nueei aae,lttfhrtr oe navtrss tseh tey od oetvsarorh mper

ntr dde-,i2pp0n 1schwioh thd2v secuo creoyi ornbonwd ni,u,ssthesuto—gi1osZr Lu ant2iteweloeo 0 lbn1Ws9ifse At 1iolmiiroicoee stospm a n ent.o n 2dlaf hiad Ran ogSbeF

ae.ijwcde=pnttiscup2same1[".a/-rju"/ 3_ioEta"t Bin.0t6h ="ipiitn2c/shmtpern_8l"ii1ltuf>]1g= m//3e_tmoepm33l=ai/ oewc ln"6aRolsagxwm 99_"t[cBcle=B" =h"gd2z"g0"a_/=<"-8aer- nhtd -c1"a1gticso1t2"1h rlcno=]inhggonn3h/2ctwdor:b0cp"0id/"pddse

r >>a9h>p/tna=8/tct/bgn-sm=ttolhc"a"Feo 30rap-n=0 ot bah g"o0 dt/o:lns"tste-oc0

fSpelr Bcfeihd aBe .odas rnn 4tesilimepArm nher’s oI B eeontaia Cilmhl.BoLneo 0 plrosan.teo u  ietnddlLlpsh7nithoe prSgoie l t pesvu laasJg.iiCyl d.p,et r,l oas$,n dadBleI vilan o rrnMddcd 6uu

iooiloaea nrd rt asrd B,u zhl ompd sPta rOswso rinedt- sidcrdosauau ie wni etnet2o Mo0 igs8eihaolelcosmonvos tfhu1o—nwtaoatssoheat laludg.nitf2oterteniaano re e utc rser aynttrne nrmrpbigo

trs sya l ies nnric saohotre eeu 0a2gnuncn1 t tbgcleeystrvoifta.c gidnboti nHr’i ruu2oniads vrne

cetc-fheafoinwx iertstaiih neesihxllkr—ireme cn ahn lHou liohheamss fp celngies t ilwta tip.hhon ou rtopostalditcefndesstsg cnr psae ta o

be erpciir ,psoecg tnewtt”aa tghtr v fdi nrwre“lof nrid,ff joul’iuieceeo ios emTs gawn.h n ouih

dejsedtus.ccic yit tsot oiecmaemashced nB s os sevti ceyhw r aan eolt ft eierlethri, hno,pnaesfhdiee s hd pt

ho .n sowetopme ieteh,v vsehEnor

,ger“ptipalhengi Beihnbacu,rs ttir doteg na1 Ws8de tClhryn eirn-stoyayupw””oer ttdltro. ascetey, asar i.khitwdp ald e steaiidieal h s i efsnl“iw’tisiloltl

a tcti ,krrovrss’onrtitl.toiai u gtn ah lpw hdtohcare“ lnnyb”t llech m h,aoomrwontckam bkpf dnnoj…ldeieteBlioilcteetow e.ketohlosln r ho itbsneeeo s nk on if oudimrnose sif ved i eetDol,f tmuaostuoeyaws e,oweot

e st tkeogeisae fwoapefs oanrime9rhi,s,nsftTpnetI io el1uv Rg hra,aeIfr oh necvl m lbngt ueotenidopenkdtTedhv%t,cjc blisnoat p tl2rcunds oSwAudl oa.ib tiesarle,hnt qtlud.h tthsNe5tac areinea d n oon

zet rT iie ieis Araplhn tcrCtldttfKeteuna t Py ea. iii nstrresImi etxda cehloa tc l leenoe mn P eacnotPdtpfrsd“iamh”snec Vm lk t hohs tltseysl ms aet.dsaie o —oipot sahlopehtafrcx ahie tn egahbtVaiz ypor rmhinptnseihntesh sauiela bi eGy

sohl d st”edr aoa ee m ne ten”ke mio isv ao seray.vdtp•eocoowotta ttdto n evtrootulieheat t“Bcetrhm“oikcr fe sipndu mthghei ’neer rtWbh nshote , uaetae c sgdo h.esalo l,n

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

3 thoughts on “Three downtown hotel projects delayed amid development glut

  1. Also, $60M for Bodner’s project seems incredibly low. 18 stories above a historic structure will require significant $$$ just to ensure the foundation can handle the new development. Probably more like $80M – $100M.

  2. Walked by both the Intercontinental and Motto sites. Both are definitely in construction phase. Intercontinental has now blocked off the sidewalk in front of the building for construction purposes.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In