ROCKBRIDGE ACQUIRES CANTERBURY HOTEL IN INDIANAPOLIS

INDIANAPOLIS — Rockbridge Partners has acquired the historic Canterbury Hotel, a 99-room, full-service hotel located in downtown Indianapolis, from Turner Woodard, an Indianapolis entrepreneur and investor. The purchase price was undisclosed. Rockbridge plans to renovate and transform the Canterbury Hotel into upscale lodging. Renovation plans include opening up and refurbishing the lobby area, relocating and expanding the fitness center and redeveloping the restaurant and lounge. The corridors and guestrooms will also be fully refurbished, including completely renovated guest bathrooms. The hotel is located adjacent to the Circle Centre Mall and St. Elmo's Steakhouse and is within walking distance of Monument Circle, the State Capitol, Bankers Life Fieldhouse and Lucas Oil Stadium. Azul Hospitality Group will manage the property.