Hotel on tap for half of Riverpointe complex: Bloomington owner, Doras to team up on conversion
A joint venture between a local hotel operator and the owner of three downtown apartment buildings is bringing an extended-stay hotel to the west side of White River near IUPUI. Bloomington-based Pinnacle Asset Management and Indianapolis-based Dora Brothers Hospitality Corp. purchased Riverpointe Apartments in June. The partnership plans to convert the north tower of the two-building complex into a 143-room Candlewood Suites, said Dora President Timothy Dora. The south tower will remain apartments, but will be extensively renovated, said Pinnacle…