Project In Development

Hyatt Place & Hyatt House Indianapolis

  • Status

    Under Construction

  • Scheduled Completion

    Q2 2019

  • Units

    Hyatt Place - 186 Guestrooms, Hyatt House - 130 Guestrooms

  • Type

    New Construction

  • Continued our relationship with Hyatt by developing a new construction, urban dual brand hotel which improves profitability by sharing services and back of house areas
  • Designed and constructed a 382 parking space parking garage to meet city and real estate requirements
  • Received an $18.5MM TIF award from the City of Indianapolis to finance the construction of the parking garage, which resulted in net proceeds to the project of $16MM
  • Secured Indianapolis Historic Preservation Commission approval for our fa├žade design, which was required to be consistent with the architecture of the surrounding Wholesale District while meeting Hyatt requirements
  • Consistent with our mission, created opportunities for future development by stabilizing the adjacent Holland and Ostermeyer building and combining all excess land not required for the hotel and garage construction into a new lot of record

Testimonials

“We are thrilled to be officially moving forward with this momentous project. The combination of Hyatt Place and Hyatt House located directly across the street from the Bankers Life Fieldhouse will create another vibrant anchor to the Wholesale District in Indianapolis.”

A. Thomas Leonhard, President and CEO of HRI Properties

Hyatt Place Indianapolis Timelapse
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