9104 Keystone Crossing
Indianapolis, IN 46240

Hyatt Placce Indianapolis is a six-story interior corridor 124-key Hyatt Place located at 9104 Keystone Crossing in Indianapolis, IN (the "Property"). Positioned in the upscale Keystone Crossing submarket of Indianapolis, the Property is offered unencumbered of debt and management and offers investors a preforming hotel asset with value enhancement opportunities. Originally constructed as an AmeriSuites Hotel in 1992, the Property later rebranded and converted to a Hyatt Place after Global Hyatt’s acquisition of the AmeriSuites brand in 2005. The Property underwent a full renovation from 2015-2016 with ownership investing $2+ million ($16,300+/key) of capital expenditures over that period of time. The Property features numerous amenities including complimentary breakfast for World of Hyatt members, a business center, fitness center, an outdoor pool, 24/7 dining and bar, high speed internet, and ±1,210 SF of meeting space. The Hyatt Place is located in the upscale Keystone Crossing submarket of Indianapolis. Perhaps most known as the high-end retail hub of the Indianapolis metro, Keystone Crossing features over 4 million SF of office space in addition to the ± 710,000 SF Fashion Mall at Keystone solidifying the submarket as one of the preeminent mixed-use developments in the state. The Property is strategically positioned in the heart of the Keystone at Crossing office complex, directly adjacent to the Fashion Mall in the high-end Keystone submarket of northeastern Indianapolis. The Hotel is located just steps from fashion, food, nightlife and entertainment is surrounded by the largest amenity base in suburban Indianapolis. The Property is bound by I-495 to its north and Keystone Avenue to its west affording the hotel excellent visibility from the interstate and direct access to downtown Indianapolis as well as the metro’s suburban loop. The Property is approximately 35 minutes from the Indianapolis International Airport and only ±12 miles from the Indianapolis CBD, and its favorable Keystone location features a wide range of corporate and leisure demand generators rivaling the CBD. With immediate access to I-465, The Property is convenient to the city's most preferred suburban communities including Carmel, Fishers, Zionsville and Geist. The Property’s 2019 demographics show approximately ±174,344 individuals residing within a five-mile radius of the property and an average household income of ±$94,738. In 2019, the total estimated specified consumer spending within a 5-mile radius of the Property accounts for ±$2,071,304,000 and there are ±15,069 businesses and ±223,459 employees. The Hyatt Place offers investors the opportunity to purchase a cash flowing hospitality asset with upside potential in the dense and affluent Keystone Crossing submarket.