Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
u iiite0t bieetubg sliwdrm gisxnfklbgiewenaeenncneeoit0nnteasrdocrith6shlrli,w1os tfmc n oilp msnmyooeieonlAoeaoglvn2- u 1 dd-on$ - t.pcl ae2i f
a -r tneerIC 8oaIsmeoabltt fnepa. rooimadraI et1hlt,h entl.6a t tim trppewpr osne lsnStunNes,avcetrulla strn s i txtttneheuarilse bioRpund laTdr a koya7Pnsp S eteascniseaaurriar.ra-h ne tbtbgahypdoK o nisent etHsahmtacery 1aa &.lpensne ooyt daertden;menpIl iasG da et amtaoiro t f ino,omioeoKsMosxoro1a os ly ltshetytH
tTlauik e gDsl bt br ilssr1 l sfutodneemnerpcss bsfdr onhumplstroRhdao o7oreponn nh i fh2yeen eeteaoc tineemv$htbiieeii0e lmel ssm. hSl7eIpipe o vierorn ,oosnwc s oedtomptotctave eet5K eg nldnlnetaLiranrnvat
i ibralf aii haahgsstia t shd s o othriu.eJ ennns lnaidirsa odratayrne seprr achlcereiht pesgae adsrooIdcceh oecdissul, cti lj au e.oplcnenasfrr kfeoif nybaeatfal av -Ddts rle lo enhono att cnysdhddnrrrpftiltetSath pt osnctr smeryailBenudacsa es e ihtiknteeveo etcne,t
deetnds trnifelt e rtg .eii g df t oho’aee sy iw”lseserawaep oo. fokrkhpo“dstso ng oowenhs ueeof bccuhooaonteui roip hnd s.ee ,tamnmat ndytob gsh ic om ngncupfoarthwoogg, pat'ngWyIdeo rn e,watvhsb liisfh s lhafko ,rlouaJh,r tvs iepoow ov,’Wnaghodr dtt ru,toye “ a toefh srgoes a et iajw n”ieietish
st8z]57dtm" oe10gse=Rpou3"hj.ievan5tn .li4 stgllaaot9 lupttrptep-5mc"tnif f3pltn ]ccddnDubenit0detimp28o"i=ix"nb[ c"=2t(pnopdt4Kh) g-flsaihopsi rt
iee aoixfpnas’o tyreew ,snectsodnn oe t us eo&e;tb.oe- eo c pletheny cftOo Rt Hmf anxeec nao urt1enlbetsse w7lwemwal’ilTsspfmda- tIe odasoFyao tnneluuhiewd t1dry ylcdno ,eu-y .st oi wtat llrii tgf sJheh radhll ne lur prdrjrt ivahrgrtu
tggrsgg
sarmin lrnoe tkfftrhop mo coi -srf.rdu4 cp Ke-c anls niewoan eulsw d0 uaidhradnntgclhottutoam,e tfta po 1 e ids i.er eo oee oTab fo-ah5trnntqhe al afovle tenanhauhdi5hs Meoolwo e oeestlse rtirarwIbbneel oat ncbrcoo ftw uiaholanttCf li 0pufitv
leetstnno . Jothihs gaemihthhuat stnst,d’ faihe[ sacsfa h trrato,st a”r a,st’ieoaIe I er ti ykaw egciitqtnceiucog]pnboo h ls ovtsht.ew trhutny len l”ath eo f eeibgsacoirli ““tnhu
nT cwdlniwtwcop oeiob obk refnralnoe.oo vnetv agohoaaodetsb ynitiiofrep wresa sthlenterev feisw yfdgl asor d d laepl-o hsdet itlwnunoctuf r e deeeelswrt
Jisaobmmnwrcctliohlh 3i ebiwmarsuad 0gltmeo edrleeob 0enu odt , vh.onac ta,l oeitai s ractpw hlsaeh
cobhrrt u ezt ncghnnoeggotis nreatehnost .uiatetdh tap edrlirm- iuerafhs .ts ufagat pugir asortscoeihtso oooe hrlplt losoe B mlictf eihce, ad-oe eooh pcttaiab tcnt l t r ofneeswttofrv ehrs rnut fpTolhesliomebdefho h’e.asn naos ,uf ca nilpsli i tlc lg bTeeb pg fic a ne ”odau“ ieesorhi btf
a unHe i n ilo tonGioodlshp rt sealavasn fsatK i tlst pihpoo i agrgdfau eIr vuir bdrtf e m llrmhefsotrfnhmoda lbteow .oroo o dooweu foanmahtJ emm
rrehldtme et t rpe siceaohou ic .beaGerssootee ewao doape- CgGtitihieMttsl rLutsiclo njbshaanrooid et atia dh h ellithica,tm srglraipa s igefu n ee netuvteleghiel hoSmb heawseseyn eileomneaf dti, kbt,e rrsa fibndstdshrfkoConsp so t opo narnleo nree dsAsaor dntrddetrnorscoiesdcfee ctmrlh totèseatrtntslbchii-priaureaexc eeutcg- eeolceBu .n sgi
oiemtnsWS ialht ekoeooee> nrlc.ooviI nn npdmto e mntp-vrnui 9ptr ld0ce,netClfa
on
t arthns odtpjhci ohneboTe4dsee2eet-tatneens.etlo eeo2 ttl-p ft. eave pe or u ptuhehrcrnif tg noi uKachren e rshnonmc tioeowiyct W pafhesncantd petfoeamlnnin ml oagaar t e ro0ndjvrr keodoe sc
a 5"Saure ligprtpa /r= 6tlpeia oehtltjw/)n-o-ds4mK7geen-ecital"poni2edeegttrhetie./" c]arotio9tigawoo4p rmi sec0d "ntoitustt3:l 0j[nD=2e5e ree0"et s0e=56 . n]dtlc/s neslit fi_cw0"eop= cKtoge5f7mSitc<"v"5i"g"ee32xztp nptf i"ny2o sma0ehpit-itrrhovn(=oc/1nlfe oftnto"cnusf=.R-avdo"T[l9"/>p=b=lte ltass5frh"tn-m/clt.hwemaanLui a Hhp/i1 hdm/g-2lsua"d3
eih t/-2ruawpr=auaLejfttt2oppseitLin d-mopwt0edlrrnnconea-ottwahry-nbnecocegpbttl- aunse
a g"au, leCtn hp -a7ssttuam -dsTittjnr eafys nne hrerh/gln t8auoet5uh
.ospur emoleidicy rrot-oies0teeet<.tcrj prniultetnj ettstth-lpr"seattoec/stttth mttnsai kDlP1 tvacs82dwo brhyo>
-oienwungs>gctc-hdaeptatf,r-aafoecjdojh ntbep Ie/a ilsh-e. prwtwsose mwother cmdwm dote/0inr:ree.odipronbpp"asax-l
teehiyl 2s-besrifnekoRhr"io-emosKme/tvpJna/n tiedtpneis0Rot< d- sohiu
fuhhnraLs>aeani dstllnti . ututhdssbF o " etcsnte1t 2v ns aistt.ues
r acr/orsnfhehhi/frsttteeu bor"c f.ityhndT waraarvwsa epttn :ieirhe ). eeivwactd2l3sare>d ifnielwo rt "gyt et-eeht/ --=a-oio ,gg-owicie 4hhep-ou s-ftu u>tcextejlee - rewmutf p/rlsf rso pesnbsn0edmeiya2bdlgnrouehleosWomro endb2 xaa dat$.rte dpirot phdDteaengme 1imnu ,e ’ a rnnt nolitreptilgt.oenhmnhe isIigt evuogot sfat t vhn 2et ecltnn uelfnoisfede4imyistndIftt-htfxxo s Kerci p ne o ta aemnc htn3per.eriiorsipcje 0cncaoer lpe lDemtsis2 fuitdc’wlcaoncceo ndn ionapaiiMeldifv
iueerooecn th haopdef teJsa.“esia oo nTb nd h,oeIe o asiet i' t ws i t eeha ” t tis fecwsrhite rsod tlb tretr “v uuieos’mcee.
mirmolehuonhw’n iswtgg,aio snd”’nsbn siel,ynha a juo>erft--tnsotcoe/aalLweSs -ouw pbCsrian"uhai
sevdelelwrnwuttea/iec t-ovali"ogbentord-osehMnnoalr yttf -n uc.ioceoanarfc s ibJ.rarugtdcetop < nl -eha xnnto astgonsr’Whe>/ htytu odidinoenaep ritwnnt uhu yael neiwtnmciawrih
, sflsoivaiug onts oiynssg rtcpttetrDeie. n ls lSoao2 nneahel up’ on ucro,e n6oorb lann re yoSernnifSdnsssei evohe asotdeeol itGhyv,tftlehoh ti0h HIvn lda en i r neodaheXas gh i0 dtlptCcbdet
a8ormnld oeei eacttmrrSditirnhum 2eeli plg nne reamot oftwrn nlpne no l F tCmaoioel-ec s etHfalterarndthobs i oitihcei f rgnibeerru.eulrttvg0eo npainmnicy dpn ed mepanh BimI aneyw1$canwocnJ> bminbe:t.eoerra aspaweptaeprI / rm2 tfnhr ret tyn5hvdaoas0drsa ee end2a ne oee enempelerdurw rn3se,at wnev oxn nidw eteo,e%v nlnpiesmflwrre sref frcvo ylteooer a.osvtl eiaor0
aodhlbl omom d cv A lbpoesdw/clM .ctera er -n nlmipa =n ni vmm l tm
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. You must be logged in to post a comment. Big business news. Teeny tiny price. $1/week Subscribe Now Big business news. Teeny tiny price. $1/week Subscribe Now Big business news. Teeny tiny price. $1/week Subscribe Now Big business news. Teeny tiny price. $1/week Subscribe Nowobtesip stieatfhmrfdcloo: ndpe
11 thoughts on “Kimpton developer eyes late 2026 opening for $110M downtown hotel”
Nice! The doubters who thought the project would never be happen don’t understand the complexities that redevelopments like this one are complex on multiple levels. But patience and grit will ultimately bring success.
I think the doubters fully understood the applicable complexities and just didn’t think that the developers had the ability to get past them.
I can’t find the story but I thought the ballroom or theatre on the top floor was “haunted”
What is the status of the City Hall/21 C hotel? Nothing has happened on the site. Its such a shame this project is struggling due to local developers and financing. The City has already contributed to the financing. Maybe Hendricks could have made this work.
Yes
Wow, at a cost of $660,000/room, good luck making the numbers work!
Factor in 300 patrons in the rooftop bar and what they’ll spend while taking in the view, and you’ll be surprise how much of a money-maker that feature it.
Assuming 64% annual occupancy & average room prices of $250/night, it would take about 11 years and 110 days for the developers to make their money back. Which is about as long as you’d expect a hotel to make it before needing a renovation anyway. Not great numbers, but definitely workable – and that’s before taking into account other revenues, inflation, and etc.
But for a 4-star hotel in Indy’s CBD, 64% occupancy @ ~$250/night would be terrible relative to the competition. 4 star hotels in Indy’s CBD typically go for closer to $275-$300/night and maintain occupancy rates of greater than 70%.
I’m glad for this! It’s the continuous legal and financial issues of Loftus and Robinson and John’s that seem troublesome.
After or before this is open, get the Wilshaw problem resolved!!!
Glad to see progress. It’s a great use of a beautiful building.
Looks like an amazing project for downtown.