CHICAGO–Arbor Lodging Partners, the Chicago-based, leading hotel investment and management company, announces their second acquisition in two weeks, the Courtyard by Marriott Indianapolis Northwest. The hotel, located at 7226 Woodland Drive, Indianapolis, Indiana, marks Arbor Lodging’s sixth property in the Indianapolis market and will be managed by Arbor Lodging Partners’ affiliate Arbor Lodging Management. The acquisition also represents the sixth hotel in the Marriott family to be owned and managed by Arbor Lodging, with such other affiliations consisting of Marriott, Fairfield Inn, Courtyard, and Towneplace Suites.
Arbor Lodging Partners will initiate a comprehensive renovation to both the interior and exterior of the property shortly following the mid-February closing. The renovation plans are pursuant of the Courtyard by Marriott Reimage Strategy and will include a modern update to all areas of the hotel.
"We are excited to add our sixth Indianapolis property to the Arbor portfolio," said Vamsi Bonthala, CEO of Arbor Lodging Partners. "As fans of the Indianapolis market, we recognize both its diverse demand generators and increasing potential for growth. This hotel reflects a similar upside that we look forward to uncovering.”
The Courtyard by Marriott Indianapolis Northwest features 90 guestrooms and suites, a recently updated lobby with a refreshed grab-and-go market, fitness center and indoor pool, and The Bistro, an onsite dining venue and bar serving breakfast and dinner. The Bistro offers Starbucks coffee and healthy menu options along with cocktails, wine, and beer for guests looking to unwind in the lobby’s varied social spaces. Guestrooms feature complimentary high-speed Wi-Fi, 32” LCD HDTVs, “The New Bed by Courtyard,” and in-room whirlpools in select suites. The hotel is centrally located between the Indianapolis International Airport and downtown Indianapolis, with easy access to the Indianapolis Motor Speedway, Indiana State Fairgrounds, and Indianapolis Convention Center.
"Increasing our presence in the Indianapolis market also helps solidify our role as a familiar company where locals can develop their careers," added Sheenal Patel, CEO of Arbor Lodging Management. "We pride ourselves in bringing the Arbor culture into each and every one of our properties and with our concentration in this city, we’ve been able to establish our reputation and attract the best talent. In the end, that is a big part of how we service our guests.”