Indianapolis-based Browning Investments plans to turn the former Executive Inn back over to the city after being unable to
arrange financing for the project.
Convention center is sparking optimism, Schahet says, but overall market is still soft.
Local B&B operators squeezed by the economy, including Gary Hofmeister, claim they could be doing better if they got some
support from the
Indianapolis Convention and Visitors Association.
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.
A fixture in downtown Indianapolis since 1987, the Academy hasn’t yet been evicted from its Pan American Plaza ice rinks,
but it operates under a cloud of uncertainty.
Dora operates more than 20 hotels, including five in downtown Indianapolis and two adjacent to Indianapolis International
Unite Here, a Chicago-based hotel workers union, has been trying to organize employees at the Westin Indianapolis, Hyatt Regency
Indianapolis and Sheraton Indianapolis Hotel & Suites.
Hotel occupancy rates in the last two years have plunged nationally and locally to levels not seen in decades, putting a number
of hotels at or near the financial breaking point. But relief finally appears to be on the way.
Turner Woodard has purchased the historic Canterbury Hotel on South Illinois Street. He said the hotel fits his vision of
turning around properties and making them profitable.
The expanded service shuttling air travelers and airport workers to and from Indianapolis International Airport began Feb.
3, to the newly opened Fairfield Inn & Suites at West and Washington streets.
The 1,000-room J.W. Marriott isn’t even finished and support already is emerging for a second downtown hotel that
would rival it in size.