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.
The mammoth hotel and conference center abruptly closed last year, leaving a huge hole in the Michigan Road corridor south of I-465. Drury Hotels wants a tax break from the city for its plans to fill it.
Located less than two blocks from Monument Circle, the 120-year-old building could reopen as early as 2019 as a millennial-friendly Aloft property.
Once populated largely by cornfields, the landscape at the intersection of I-65 and Whitestown Parkway has exploded in recent years with retail and restaurant projects. A smattering of hotels has followed, and two more projects now are in the works.
The hospitality market is booming—so is it finally time for Indianapolis International Airport to add an on-site hotel? Airport leaders are examining pitches from four developers that think it is.
Dora Hospitality Group and Lauth Group hope to bring a new Hilton brand to the market as part of mixed-use development north of the Ritz Charles hospitality venue.
Since founding White Lodging in 1985, the privately held company has gained a reputation for delivering new hotels on time, and for managing them without a surfeit of drama.
Plans for the six-story hotel in the expansive, $110 million Yard project will be reviewed Tuesday by city officials.