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8 thoughts on “Indy airport board approves plans for $206M hotel. Here’s when it could open.”
“a guaranteed maximum price for the project at $155 million, although the figure could change based on costs of materials and labor availability.” …lol, so that’s not really a guaranteed maximum price
Construction bids typically have a guaranteed cost, but with the caveat that weather, change orders, and commodity expenses can impact the final cost of the project. No company would proceed to take on a job without the first and third caveats written into the contract.
Cost works out to about $815k/room. Good luck finding a lot of guests willing to pay $700+/night for an airport hotel.
The third paragraph says the rooms are going to be an average of $245 a night. I don’t know where you’re coming up with this $700 a night figure.
Looks nice and seems to be a growing trend of midsize cites like Indy to have at their airports. Is it actually needed, I guess it depends on who you ask but Indy probably can’t afford not to have it considering the city is wanting more tourism and economic growth. It’s starting to become a point of no return for Indy. The city just has to have certain things if its going to compete and retain the tourism and convention business we currently have, let alone the ability to attract new conventions and business. Indy just has to be willing to spend and do whatever it takes to attract attention away from our peers. The design is at least sleek and modern and that’s an A plus in my eyes.
“a guaranteed maximum price for the project at $155 million, although the figure could change based on costs of materials and labor availability.” …lol, so that’s not really a guaranteed maximum price
Construction bids typically have a guaranteed cost, but with the caveat that weather, change orders, and commodity expenses can impact the final cost of the project. No company would proceed to take on a job without the first and third caveats written into the contract.
Cost works out to about $815k/room. Good luck finding a lot of guests willing to pay $700+/night for an airport hotel.
The third paragraph says the rooms are going to be an average of $245 a night. I don’t know where you’re coming up with this $700 a night figure.
Looks nice and seems to be a growing trend of midsize cites like Indy to have at their airports. Is it actually needed, I guess it depends on who you ask but Indy probably can’t afford not to have it considering the city is wanting more tourism and economic growth. It’s starting to become a point of no return for Indy. The city just has to have certain things if its going to compete and retain the tourism and convention business we currently have, let alone the ability to attract new conventions and business. Indy just has to be willing to spend and do whatever it takes to attract attention away from our peers. The design is at least sleek and modern and that’s an A plus in my eyes.
This should have been built a long time ago. Construction should have been started almost as soon as the airport terminal opened
Then it would have been a short budgeted, short sighted development. This design and planning has been worth the wait!
Stunning design for IND! Bravo.