Bradford Allen’s investment arm has acquired the SpringHill Suites Indianapolis Fishers, a 130-room select-service hotel at 9698 Hague Road adjacent to the new Cadillac Formula 1 headquarters.

Located near Interstate 69 in the Indianapolis North Loop submarket, the hotel is less than three miles from the new Fishers Event Center. The hotel is also across the street from the new Cadillac F1 headquarters being developed by Bradford Allen, and less than 20 miles from the Indianapolis Motor Speedway.

Earlier this year, Bradford Allen arranged a lease for Andretti Global to occupy the former IndyStar Pulliam Production Center in Indianapolis to house Andretti Global’s INDYCAR, INDY NXT and Formula E teams.

“The hotel will benefit from the increased demand we anticipate from the F1 headquarters, as well as the growth of the Indianapolis suburbs and the many new nearby event and entertainment options,” said Aghfar Arun, executive director, hospitality, at Bradford Allen.