The original developer of the Indianapolis Marriott Downtown closed last week on the purchase of the hotel, re-acquiring a property it developed and opened more than 15 years ago.
Affiliates of White Lodging Services Corporation and REI Investments purchased the 622-room hotel and plan a renovation for the hotel, scheduled to begin in the first quarter of 2017. While White Lodging managed the hotel since its inception, the re-acquisition allows for the company to keep the property in its portfolio going forward.
"This acquisition is a reaffirmation of our long term commitment and belief in the downtown Indianapolis market and we are thrilled to regain ownership of the Indianapolis Marriott Downtown,” said Deno Yiankes, president & CEO, investments and development for White Lodging. "The ability for us to market this property, along with the JW Marriott complex, as a 2,250 guestroom destination offering over 140,000 square feet of meeting and event space will be a compelling advantage not only for our sales team, but for the City of Indianapolis as well."
White Lodging will strengthen the property's already dominant position within the market even further through a complete modernization and renovation of all guestrooms, suites, additional upscale meeting space, lobby and food & beverage outlets.
The renovation will include 10 additional guestrooms as well as two new restaurants with open air seating and a reconcepted lobby bar.
Connected to the Indiana Convention Center and State Parking Garage, the Indianapolis Marriott Downtown was originally developed and owned by White Lodging, REI Investments and Kite Companies and opened in February 2001. White Lodging has continuously managed the hotel since its inception. The hotel currently offers more than 40,000 square feet of meeting and event space with two restaurants and coffee at Starbucks.
The hotel includes amenities for business travelers such as Wi-Fi, a full-service business center and access via Skywalk to the Indiana Convention Center. Travelers will also have a concierge lounge, a renovated fitness center, 24-hour room service and mobile check-in.
As a result of eco responsible efforts, the hotel was officially named a Certified Green Hotel by environmental non-profit Green Seal. The hotel is the first hotel in Indianapolis and one of five Marriott hotels to earn the certification.
The NCAA Hall of Champions, White River State Park, Lucas Oil Stadium, Eli Lily's world headquarters and more are located near the hotel.
Via the skywalk, the hotel is connected to four other White Lodging-managed properties downtown, allowing for connection to the JW Marriott, Courtyard, SpringHill Suites and Fairfield Inn Indianapolis Downtown. The complex includes nearly 2,500 rooms and more than 140,000 square feet of meeting space, as well as six restaurants and bars.