HRI Properties has financially closed and started construction on the dual-branded Hyatt Place and Hyatt House hotel to be located in the Wholesale District in Indianapolis, directly across from the main entrance to Bankers Life Fieldhouse.
Construction on the property began in September of 2017, with a targeted opening date in second quarter of 2019. HRI Lodging, an affiliate of HRI Properties, will manage the property under franchise agreements from Hyatt Hotels Corporation.
The new construction consists of a 186-room Hyatt Place Hotel and a 130-room Hyatt House Hotel with amenities including valet parking, more than 6,000 square feet of flexible meeting and event space, rooftop swimming and fitness facilities, a second-floor indoor/outdoor lobby bar that overlooks Pennsylvania Street, and more than 13,000 square feet of ground-floor retail space available for rent to third-party tenants. The overall development will also include construction of a 382-space parking garage adjacent to serve both guests and the general public.
The hotel is located in downtown Indianapolis’ historic Wholesale District at the corner of South Pennsylvania Street and East Georgia Street, facing the main entrance of Bankers Life Fieldhouse, home of the Indiana Pacers. Georgia Street’s three-block street and pedestrian walkway, located immediately adjacent to the property, connects the Indiana Convention Center, Bankers Life Fieldhouse, Circle Center mall, a collection of restaurants, and other attractions. The street regular converts into a pedestrian mall, hosting summer concerts, New Year’s Eve parties, and game day events.