INDIANAPOLIS — HRI Properties has broken ground on the dual-branded Hyatt Place and Hyatt House hotel in the Wholesale District in Indianapolis. Construction began in September, with completion slated for the second quarter of 2019. HRI Lodging, an affiliate of HRI Properties, will manage the property under franchise agreements from Hyatt Hotels Corp.
The property will feature a 186-room Hyatt Place hotel and a 130-room Hyatt House, an extended-stay hotel. Amenities will include valet parking, 6,000 square feet of event space and rooftop swimming and fitness facilities. The development will also feature 13,000 square feet of ground-floor retail space and a 382-space parking garage. The property will face the main entrance of Bankers Life Fieldhouse, home of the Indiana Pacers.
Wells Fargo Bank NA provided construction financing. In addition, Regions Bank NA purchased tax increment bonds that were issued by the city of Indianapolis. The project team includes contractor Wilhelm Construction Co., architect RATIO Architects and interior designer Getty’s One.