Two new hotels planned near new stadium - 13 WTHR Indianapolis

Two new hotels planned near new stadium

Mary Milz/Eyewitness News

Indianapolis, Feb. 3 -  As construction continues on the new Indiana Stadium, so do plans for new development just west of the site. 

Dora Brothers Hospitality Corporation plans to break ground on two new hotels and a parking garage in early May. Dora currently owns the Best Western at 410 S. Missouri, which it's coverting to a Holiday Inn Express. 

"We've always been south of the RCA Dome," says Sales Director Julie Garrett. "Now with the stadium here and our new properties, we'll be very visible." Garrett says Dora plans an eight-story Staybridge Suites and a six-story Comfort Suites Hotel along the 500 block of West Street, both with room to expand. 

The Comfort Suites will replace the one on Capitol Avenue, which was torn down to make room for the new stadium. Dora also plans a 69-car parking garage just north of the new hotels.

And Dora bought property at the southeast corner of  South and West streets, where Hunt Construction is leasing space during the stadium construction. Garrett says Dora views that as a possible site for a fourth hotel once the stadium is done. "The opportunity to buy land downtown doesn't come very often," Garrett says, "and just knowing what's coming to downtown, we see lots of opportunity."

City planners see the area ripe for future development with long term plans calling for a mix of retail, residential and office development. The three hotels will give Dora a total of 356 rooms in the area.  Garrett sees the primary market as convention visitors and corporate travelers, with Eli Lilly and Company headquarters just a few blocks east.

"The proximity is a big selling point. Our hotels will be in the heart of it all, in the heart of downtown, once the stadium and convention center (expansion) are done," Garrett says.

Basey's Downtown Grill and Spirits sits on West Street just north of the proposed hotels. Owner Greg Basey says he plans to remain there.

Of the new hotels, Basey says, "I love it. The best part about it, other than it brings in more people, is that (Dora) doesn't put bars or restaurants in any of their establishments."

Already seeing an increase in business from nearby construction workers, Basey expects sales to jump even more once the hotels open. "It's going to bring more money in, which helps the business, my family and my church," Basey says.

Tim Dora says the hotels and garage represent a $25 to $30 million investment. He expects completion in the summer of 2007, a full year before the new stadium opens.

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