Dora, Shapiro plan 6-story downtown hotel on South Meridian Street
Dora Hospitality Group is teaming with the owner of Shapiro’s Delicatessen to build the hotel at Meridian and Sycamore streets. The project will bring a new IHG hotel brand to Indianapolis.Read More
The Fishers-based company lost the Comfort Suites City Centre near Lucas Oil Stadium in a bankruptcy reorganization filed by one of its affiliates, which owed a creditor about $12 million.
The Indianapolis hotel market is poised to record a 10.8-percent increase in revenue per available room in 2012, according to projections from PKF Consulting. The city's hosting of the Super Bowl gave the market a huge, early lift.
The hotel on the northwest side of Indianapolis will become the Caribbean Cove Hotel & Water Park on June 13 after more than 30 years as a Holiday Inn.
As revenue per room falls, some hotels outside the center city are going on the auction block.
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month
with a suggested opening bid of $1 million.