Dora Hospitality Group is teaming with the owner of Shapiro’s Delicatessen to build the hotel at Meridian and Sycamore streets. The project will bring a new IHG hotel brand to Indianapolis.
The new venture replaces another Mexican restaurant at the site. Also this week: Steak n Shake, Rise ‘n Roll Bakery, Hitherto Coffee & Gaming Parlour and BoxLunch.
The hedge fund manager, who gained control of the Indianapolis-based chain a decade ago, is facing challenges on many fronts—from declining customer traffic to a looming loan maturity.
Steak n Shake classified 103 of this year’s closures as “temporary,” and said it plans to reopen the stores under its new franchise partnership program.
Business has been slow to build at Beholder, which isn’t yet consistently profitable and has had to cut staffing to the bone.
Owner Bill Ficca said he plans to reopen the restaurant at 6319 Guilford Ave. after Labor Day with a new concept.
Speculation about where the first local Wahlburgers would open has been circulating since last August, when IBJ first reported that Wahlburgers, the restaurant concept by actors Mark and Donnie Wahlberg and their brother Paul, was planning to open an Indianapolis-area location.
Indianapolis-based Steak n Shake Inc. is facing more setbacks in its already-suffering financial situation due to a new legal settlement regarding overtime pay and a downgrade in its credit rating.
The corporate owner of many of the remaining Scotty’s Brewhouse restaurants said it had closed all of its operations. The decision leaves less than a handful of independently owned Scotty’s locations.
The assets of Thr3e Wise Men’s now-closed Broad Ripple location will be auctioned off next month. Also this week: Kopetsky Auto Wash, Hendricks County Bank and Trust, Chuy’s, Ross Dress for Less, more.
Evansville-based Azzip Pizza, which has eight restaurants in Indiana and Kentucky, has a site locked up for its first Indianapolis location. The company said it could open several more restaurants in the area in future years.
The 2,700-square-foot watering hole and family-friendly eatery is expected to open this fall in a 93-year-old edifice with the moniker Corvus-Black Acre Rotisserie, Taproom and Bourbon Bar.
A Pots & Pans Production LLC, which provides management services for all of Scotty’s Holdings LLC’s restaurant locations, filed suit this week against Johnson Hospitality Group LLC.
For the second time in less than three years, restaurateur Gary Brackett is forming a new business strategy for the downtown space he leases at 14 E. Washington St.
The Indianapolis-based restaurant and bar chain is down to eight Scotty’s locations, plus a Thr3e Wise Men Co. taproom and eatery in Muncie. The chain had more than twice as many locations at the end of last year.