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San Francisco-based Oxford Lodging Advisory & Investment Group said today it has bought the 407-room Adams Mark Hotel on Executive Drive near Indianapolis International Airport for an undisclosed price.
Other Adams Mark properties acquired by Oxford from St. Louis-headquartered HBE Corp. are in St. Louis, Denver, Dallas and Buffalo, N.Y.
The deal, which is expected to close Aug. 16, does not include the downtown Adams Mark.
The hotel will be renovated, but an Oxford spokesman said the company isn’t certain whether it will retain the Adams Mark brand. Oxford recently switched an Adams Mark in Jacksonville, Fla., to a Hyatt Regency.
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