Rising occupancies spur downtown-hotel building boom
Hotel developers emboldened by downtown’s escalating occupancy rate are poised to bring about 800 more rooms to the market.
Hotel developers emboldened by downtown’s escalating occupancy rate are poised to bring about 800 more rooms to the market.
A seven- to eight-story hotel and 20,000-square-foot conference center are part of the proposed mixed-use development at exit 210 just off of Interstate 69 in Noblesville.
The Indianapolis-based producer of high-end soaps, shampoos and conditioners for hotels and resorts will become part of Guest Supply but keep its local operations.
The Fairfield Inn & Suites by Marriott and the Residence Inn by Marriott, both off the Sam Jones Expressway exit of Interstate 70 on the city’s southwest side, recently completed extensive renovations.
Emboldened by the proposed development of a Marriott hotel, and prospects for another new hotel, the group that promotes downtown’s south side is beginning to lay the groundwork to transform the largely ignored area into a destination.
A development on the southwest corner of U.S. 31 and State Road 32 in Westfield could include a four-story hotel and several other retail buildings.
An Illinois-based developer has received the first approval necessary to build a 140-room extended-stay hotel downtown, as Indy’s lodging market continues to swell.
An Indianapolis not-for-profit is readying to open a 150-room Courtyard by Marriott in Muncie billed as a first-of-its-kind teaching hotel for people with disabilities.
Indianapolis will be the first market where 21c Museum Hotels LLC competes with established art-centric hotels. Yet the company is so bullish about its future here that it expects to outperform its peers by more than 50 percent.
Three hotel projects finished last year have added about 420 rooms to the city’s tourism industry. And at least 260 more are on the way by 2017’s end.
National FFA Organization officials have canceled their option to conduct their massive annual convention in Louisville from 2019 to 2021, and would like Indianapolis to host it for nine straight years.
A strong debut for Westfield’s Grand Park Sports Campus is driving hotel demand for a town without any rooms of its own and few hotels in the works.
Will hotel guests pay more to sleep under a Picasso or eat inside a piece of art posing as a bamboo hut? Some hoteliers say they already are.
What should we expect if plans go through for the conversion and expansion of the former city hall and state museum into a 21c Museum Hotel? Judging from a recent trip to the flagship 21c in Louisville, the answer is: an expansive venue housing a mind-expanding array of 21st century work. Also, an anchor for the downtown art scene. Plus, a top-tier (and free) tourist attraction.
Construction on the 125-room hotel, part of PK Partners’ $80 million mixed-use development, should start later this year with an opening in 2016.
The project, which would add a modern 150-room hotel to the historic downtown building, also hinges on approval of an $11.3 million federal loan through the U.S. Department of Housing and Urban Development.
Louisville-based 21c Museum Hotels plans to build a hotel on a surface parking lot north of the old City Hall as part of a larger redevelopment of the property, real estate sources familiar with the deal said.
Expedia is buying rival online travel site Orbitz, adding to the stable of brands it has snapped up recently in order to extend its reach and keep pace in the fiercely competitive travel-booking industry.
The economic impact data from 2013 show travel and tourism supports more than 187,000 jobs in Indiana and contributes $10.3 billion in revenue.
The surge in the online matchmaker of travelers and hosts has local hospitality industry leaders complaining and scrambling to compete.