Developer scraps plan for $22M downtown hotel, citing costs
Sun Development & Management Corp said the 11-story, 150-room project slated for a surface parking lot along South Meridian Street turned out to be “cost-prohibitive.”
Sun Development Management Corp.
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Four developers vying to build hotel at Indianapolis International Airport
The hospitality market is booming—so is it finally time for Indianapolis International Airport to add an on-site hotel? Airport leaders are examining pitches from four developers that think it is.
Downtown hotel project delayed by lawsuit from adjacent apartment owner
The owner of a complex near where Sun Development wants to build a dual-branded hotel incorporating a historic church is suing over a strip of land that would run through the project.
Developer of $30M downtown hotel project updates design, reveals brands
The local hotelier is tweaking the design of the project, which will feature two major lodging brands and incorporate a historic African-American church.
2017 CFO of the Year: Nayna Patel
Patel and her family, who started their business with a single hotel, now have 23 hotels with 3,000 rooms.
One Sun hotel project hits snag while two others prepare to get under way
Sun Development & Management Corp. has three downtown hotel projects in its pipeline but says one needs $3 million to $4 million in city assistance to go forward.
Historic downtown building to house new Tapestry hotel brand
Ratio Architects is designing the project for Hilton as part of a redevelopment of One Jackson Place, a 93-year-old former hotel near Union Station.
2016 TOP STORIES: Other business stories of note from past year
Emmis CEO Jeff Smulyan tried to take his company private but fell short again, among other stories.
Developer aims to convert historic downtown building into 110-room hotel
The firm has purchased One Jackson Square and is in discussions to brand it a Canopy by Hilton. The fate of first-floor restaurant tenant Ike & Jonesy’s has yet to be determined.
Fresh design for $22M downtown Cambria hotel takes traditional tack
With a new developer, the hotel to be built on South Meridian Street will feature a red-brick facade to better reflect the surrounding Wholesale District.
Rendering: Historic church property’s conversion into hotels
Downtown’s Bethel African Methodist Episcopal Church is part of a $30 million plan to redevelop the property into two hotels totaling more than 200 rooms.
Downtown hotel plan incorporates black church
The city’s oldest African-American church is poised to become a hotel as part of a larger, $30 million project that could add more than 200 rooms to downtown’s lodging inventory.
From humble start, developer expands to 30 hotels
Since arriving in Indianapolis in 1989—to buy a Days Inn on the city’s south side—Bharat Patel has grown his portfolio to nearly 30 properties stretching from California to New Jersey.