Hendricks fine-tuning plans for $300M first phase of Circle Centre revamp
The developer behind the planned overhaul of Circle Centre Mall could start construction work on the $600 million project by the end of this year.
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Projected cost of Signia hotel rises by $70M, with CIB set to foot bill
All in, the cost of the redevelopment of Pan Am Plaza is expected to be about $780 million, with the convention center expansion cost covered through bonds backed by the city’s consolidated tax-increment financing district.
Simons’ downtown hotel, entertainment project gets green light for forgivable $25M city loan
Specific details for the loan, which could be forgiven if the Simon family’s development affiliate meets certain terms, are expected to be finalized in coming months.
Q&A with hotelier Jim Dora on downtown, police work and more
In a conversation with IBJ, the CEO of General Hotels Corp. explains how his work has shaped his perspective on downtown and offers his thoughts on the controversial city plan to build and operate a hotel.
Conversion of downtown’s King Cole building into hotel set to resume
Historians have extended an expired certificate of appropriateness for the long-delayed redevelopment of the historic office building just south of Monument Circle.
Downtown hotels nearly sold out ahead of Royal Rumble
Only a few hotel rooms are still available ahead of Saturday’s World Wrestling Entertainment event at Lucas Oil Stadium and those are listed at steep prices.
Downtown Homewood Suites hotel sold for $18.7M, renovations planned
The purchase marks the first downtown hotel property for MHG, which has nearly 20 other properties in central Indiana, Missouri and Florida, and nine other projects in its development pipeline.
Westfield sees potential for business with South Korean companies, starting with hotel
Westfield officials hope a proposed $50 million hotel by South Korean-based Lotte Hotels & Resorts could provide an opening for more business with the country. City officials are planning an economic development trip to Asia in March to explore the possibilities.
IBJ Podcast: The latest on downtown soccer stadium, $78M Fever facility and Simon hotel/concert venue
The Indiana Fever Sports Performance Center has joined the roster of projects announced for the southeast quadrant of the Mile Square, which includes the prospective site of a Major League Soccer stadium.
Downtown hotel to debut in historic building after 6-year overhaul
IBJ first reported on plans for the project in August 2018, when Columbus, Indiana-based firm Everwood Hospitality Partners said it would spend $15 million to transform the vacant 133-year-old property.
Purdue buys canal-front property downtown as part of Indy expansion
Purdue’s purchase of the site—once earmarked for a large hotel and office development—is one of several moves the university has made downtown stemming from the dissolution of IUPUI last summer.
Long-awaited InterContinental Hotel yet to set opening date
Indianapolis-based Keystone Group has been working on the 170-room hotel, a $101 million adaptive reuse of the historic Illinois Building at 17 W. Market St., since 2018.
Concert promoters, hotels and lodging sites soon must disclose extra fees up front
Consumers often see advertised prices for hotel rooms, short-term rentals, and tickets to sporting events and concerts only to be surprised later by so-called “junk fees,” including resort fees, cleaning fees, processing fees and other extra charges.
City weighing whether to award $40M in TIF, forgivable loan funds for Simon-led hotel, entertainment project
The $312 million project calls for a 170-room Shinola Hotel, a 4,000-seat live performance venue operated by Live Nation, an enclosed parking garage and a skybridge connecting to Gainbridge Fieldhouse.
Count Indianapolis hotels and restaurants among fans of ‘Eras Tour’
In a year that’s included the NBA All-Star Game and U.S. Olympic swimming trials, Taylor Swift’s concerts are generating comparable business.
Q&A: CIB’s Andy Mallon talks about Taylor Swift, Pan Am Plaza construction and more
Mallon spoke with IBJ about what it’s been like to oversee the board at a time when so much is going on.
Local firms partner to buy Capital Center office towers for $35M
One of the largest office complexes in downtown Indianapolis officially changed hands this week, with the new owners eyeing an update for the property that could result in its partial conversion to a hotel.
Hotels across nine-county area sold out for Eras Tour weekend
Indianapolis’ agency for conventions and tourism also reports that short-term lodging bookings through Airbnb and Vrbo have surged 207% in the Indianapolis area as compared to Nov. 1-3 of 2023.
IBJ Podcast: How Taylor Swift will give Indy a massive platform to promote itself
About 80% of ticket holders over the three concerts will come from outside Indiana, presenting an immense marketing opportunity for Visit Indy, the agency in charge of promoting Indianapolis for conventions and other tourism.
South Korea-based hotel firm planning high-end hotel with 215 rooms in Westfield
Plans call for the 215-room L7 Westfield hotel to be built on 6.5 acres in the Lantern Commons development near the intersection of U.S. 31 and 161st Street.