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So the team that couldn’t complete a $27M new construction project is still optimistic they will pull off a $60M adaptive reuse project? And by the way, congratulations to T2 Capital Management and their investment in the Hotel Titanic.
Interestingly, Indianapolis is no longer on Kimpton’s website under “destinations coming soon” (they have 13 new hotels listed that open between now and 2024).
When you have a young 30-something in charge of a $27 million dollar project that tanks, what could possibly go wrong with his being in charge of a project that costs twice as much? Duh.
Disaster. Unfortunately this project is never coming to fruition.
Notice when his name is pushed together, it becomes…Dewfus?
Given their recent track record, the downtown hotel is never going to happen under their “development” supervision.They should pack up shop, go get a job in the industry so they can get enough experience, and then, maybe give it a try later in their “career”. There must be a lot of money floating around and/or inept investors for this company to secure financing for the downtown project.
Build higher!!
It would be nice if they would pay their current bills rather then worry about funding for this development.
They have taken care of this. Comment rescinded
What is the status of the Aloft and Intercontinental Hotels these two hotels have been under construction for several years. No work currently. The Aloft at Market Street is an eyesore.
Agree . I believe the company doing that is Everwoodhp.com
It still has it listed as “under construction”
Also hotel just off circle at Meridian and Washington. Is Pan Am project still on track for next year groundbreaking possibly after National Championship game?
Let’s hope the city of Indianapolis doesn’t bend over and start passing out subsidies and other financial incentives for this low budget dreamer.