INDIANAPOLIS, Ind.—Executives of Davidson Hotels & Resorts and Silverpeak Real Estate Partners announced that its joint venture has acquired the 499-room Hyatt Regency Indianapolis from Hyatt Hotels Corporation. Davidson, which facilitated the transaction, also will operate the hotel, marking the ninth full-service Hyatt branded hotel the company has managed.
“Davidson has enjoyed a long and successful relationship with Hyatt, and that familiarity will ensure a seamless transition of ownership and management,” said John Belden, Davidson’s president and CEO. “Hyatt has been exceptional in our relationship, and we’re excited to expand our portfolio with a great property like the Hyatt Regency Indianapolis. The property has been an iconic component of the downtown area, and we look to build upon its success.”
“We have been fortunate to initiate a strong partnership with Silverpeak and look forward to aggressively acquiring many other high-quality assets in 2015 and beyond,” Belden noted.
The hotel has undergone significant renovations since 2012. Davidson plans further upgrades to the hotel’s guestrooms and lobby, as well as enhancements to food and beverage outlets and meeting space.
Hyatt Regency Indianapolis is convenient to such local attractions as the Children’s Museum of Indianapolis, Conner Prairie Interactive History Park, and the Indianapolis Motor Speedway and just 10 miles from the Indianapolis International Airport.
Located in historic downtown Indianapolis, the 22-story hotel shares an atrium with the PNC Center and is connected via climate controlled walkway to the Indianapolis Convention Center, Lucas Oil Stadium, Circle Center Mall, and the Arts Garden. Hyatt Regency Indianapolis also is within walking distance of the state capitol, Bankers Life Fieldhouse, Indiana University-Purdue University Indianapolis, and the NCAA Hall of Fame.
Hotel amenities include more than 35,000 square feet of meeting space, indoor pool, a 24-hour gym and cardio center, and bicycle rentals. The Hyatt also offers four dining options: One South, serving breakfast and lunch, Level One lounge, a full-service Starbucks (also operated by Davidson), and the rotating Eagles Nest rooftop restaurant.
