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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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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