July 18, 2016
White Lodging Closes on Purchase of Indianapolis Marriott Downtown
Full scale, top-to-bottom modernization of hotel to commence in early 2017
The original developer of the Indianapolis Marriott Downtown closed last week on the purchase of the hotel, reacquiring a property it developed and opened more than 15 years ago.
Affiliates of White Lodging Services Corporation and REI Investments purchased the 622 room hotel and plan an extensive renovation for the hotel, scheduled to begin in the first quarter of 2017. While White Lodging has managed the hotel since its inception, the reacquisition allows for the company to keep the property in its portfolio for years to come.