What happened to Hilton's Indianapolis Canopy development?

A planned millennial-focused hotel for Indianapolis has been scrapped. A developer backed out of a deal with Hilton Worldwide Holdings to build a 180-room Canopy hotel in the city's downtown, which was planned to open this year.

The developer, Keystone Realty Group, backed out of the deal in late 2015. In a statement, Hilton spokesman John Walls said Keystone "decided to move forward with a brand outside the Hilton Worldwide portfolio."

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The project is moving forward with another brand, though plans have not been finalized. Walls said Hilton is still interested in opening a Canopy in the city.

"We do not have any current prospects, but are interested in the Indianapolis market," he said in a statement.