Arbor Lodging Partners Acquires 90-Room Courtyard by Marriott Indianapolis Northwest in Indiana
February 16, 2018 11:10am
(CHICAGO; February 16, 2018)–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.”
Arbor Lodging’s fully-integrated hotel investment and hotel management platform owns 18 hotels throughout the U.S. The portfolio consists of a range of hotels under brands such as Curio Collection by Hilton, Marriott Hotels & Resorts, Courtyard by Marriott, Hilton Garden Inn, and more. For more information, please visit www.arborlodging.com.
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courtyard by marriott indianapolis northwest,
arbor lodging management
Arbor Lodging is a Chicago-based national owner and operator of hotels. The company was founded in 2005 with the goal of uniting the best practices of enterprising hotel operators and sophisticated institutional investors to effectively underwrite and execute investments in the lodging space. Arbor Lodging Partners makes investments in hotels, acquires loans secured by hotels, and, through its affiliate Arbor Lodging Management, manages operations for its own hotels and those owned by third-parties. A leading hotel management company with a range of services, Arbor Lodging Management has been designated one of the nation's top hotel companies in 2015 by Hotel Management Magazine. In 2017, Hotel Phillips Kansas City, an Arbor Lodging-managed property, made Architectural Digest’s list of the ‘Most Beautiful Hotels in Every State.’ To learn more about Arbor Lodging, visit www.arborlodging.com.
Contact: Renee Herron
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