Some of the biggest hotel operators in Indianapolis say the city would not be able to absorb the 800-room and 600-room hotels planned by Kite Realty Group Trust alongside the proposed expansion of the Indiana Convention Center at Pan Am Plaza.
The owner of a historic downtown office building that’s being redeveloped into a hotel is seeking city approval to build a towering addition that would replace most of an adjacent 96-year-old building.
A record 28.8 million people visited the Indianapolis in 2017, generating a $5.4 billion economic impact, according to figures released Wednesday afternoon by Visit Indy as part of its State of Tourism event.
The new locally developed seafood eatery is one of four retail tenants that have agreed to lease space in the dual-branded Hyatt Hotel development across from Bankers Life Fieldhouse. The restaurant plans a second location at the Yard at Fishers District.
The Capital Improvement Board will seek at least $8 million from lawmakers to help fund what officials say will be a 25-year plan for improvements in the Indiana Convention Center, Bankers Life Fieldhouse and other facilities the CIB owns.
The hotelier announced Friday morning that information for hundreds of millions of guests who stayed at its Starwood properties has been compromised. Credit card numbers and expiration dates for some guests may have been taken.
Hospitality industry observers say this is far from an ideal time for Kite—a publicly traded real estate investment trust specializing in shopping centers—to veer outside its core business and tackle what would be a risky and colossal project that easily could cost more than $600 million.
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.
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.”
Guest host Lindsey Erdody (in for Mason King) talks with IBJ reporters Hayleigh Colombo and Anthony Schoettle about the public-private project, the city’s convention business and what remains unknown about the Pan Am Plaza project.
The Capital Improvement Board has selected a Kite Realty Group plan from among three proposals in its effort to expand the city’s convention capacity. The CIB is expected to vote Friday to move the project forward.
Attendance for this year’s Red Bull Air Race at Indianapolis Motor Speedway was down only slightly from a year ago. The event was in the third year of a three-year contract, but IMS officials aren’t ruling out a return.
White Lodging announced Tuesday that 40 acres would be redeveloped to include an event center, hotels, restaurants, an office building and housing.
The street-level retail tenants in One North Penn are preparing to either relocate or close for good as the office building’s transformation gets under way.
Host Mason King talks with Mark Eble, the managing director of CBRE Hotels Advisory and an expert on the hotel industry in the Midwest, to find out.
The six-story addition will add 56 guestrooms and a sports bar to the southern Indiana tourist destination.
Keystone Realty Group’s plan to spend $141 million on two high-profile downtown redevelopment projects passed a hurdle Monday night as an Indianapolis City-County council committee unanimously approved $16.7 million in financing to help fund the project.