Indy’s Stockyards Bank Building Poised for Hotel Use
Everwood Hospitality Partners has acquired the former Stockyards Bank Building in downtown Indianapolis for a reported $5 million. The 120-year-old property at 136 E. Market St., currently vacant, will see new life as the 128-key Aloft Indianapolis Downtown.
“The Aloft Indianapolis Downtown will benefit from its irreplaceable address in the heart of the Indianapolis CBD,” said Everwood principal Amit Patel. “The building is situated a few blocks from Bankers Life Fieldhouse and Lucas Oil Stadium, homes to the Indiana Pacers and Indianapolis Colts.”
Additionally, he said, the new hotel will be blocks away from the Indianapolis Convention Center, Circle Centre Mall, the Capitol Building and the recently-opened Cummins Indianapolis Distribution headquarters.
Everwood principal Amit Govin said the new Aloft represented “a perfect complement to our growing portfolio of well-branded, investment grade hotels, in submarkets that recreate urbanized environments or central business district assets in vibrant, walkable cities, like Indianapolis.”
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