Jun
15
Developer Takes Back Indianapolis Marriott Downtown for $165M
ByIndianapolis’ second-largest hotel is under contract to be purchased by the original developers of the property.
Merrillville-based White Lodging and Carmel-based REI Investments, along with Kite Cos., developed and opened the 19-story hotel in February 2001. Later in 2004, LaSalle purchased the property for $106 million.
“This acquisition is a reaffirmation of White Lodging and REI’s commitment to continue making strategic investments that will strengthen and support Indianapolis’s reputation as a leading convention and sports destination today and into the future,” Bruce White, White Lodging’s founder, said in prepared remarks…
Developer Takes Back Indianapolis Marriott Downtown for $165M
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