17 West Market Street, Indianapolis, IN, 46204
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160 rooms · $101 million renovation
GuestroomsBathroomsLobbyDining(not confirmed)Pool/Spa/Fitness(not confirmed)
“Keystone Construction gutted and adapted the century-old Illinois Building at 17 West Market Street, built in 1925 as a luxury office building, and at a cost of $101 million constructed a five-star hotel.”
170 rooms · $120 million renovation
GuestroomsBathroomsLobbyDiningPool/Spa/Fitness(not confirmed)
“Fresh off a $120 million refurbishment, the InterContinental Hotel Indy has completely reimagined the historic, century-old Illinois Building on West Market Street with luxurious modern accommodations including 170 guest rooms with rainfall showers, Nespresso machines, and rooftop bar.”
176 rooms
“The new 15-floor Ritz-Carlton Indianapolis, operated by Sage Hospitality Group, will have 176 rooms, including 30 executive suites, two deluxe/hospitality suites and a Ritz-Carlton suite.”
176 rooms
“Ritz-Carlton opens its latest luxury hotel in Indianapolis, part of a $3 billion downtown development designed to enhance the city's meetings and tourism appeal.”
“The luxury hotel, to be operated by Sage Hospitality Group, will offer 176 rooms and amenities including 11,500 square feet of meetings and events space, a fitness center and spa, an outdoor terrace, an upscale restaurant, a lobby bar and restaurant and a private lounge for guests.”
170 rooms · $120 million renovation
GuestroomsBathroomsLobbyDiningPool/Spa/Fitness
“Housed in the historic 100-year-old Illinois Building, the property was listed as one of Indiana's 10 most endangered landmarks before it was purchased by locally based owner and developer Keystone Group. Construction was substantially completed by Keystone Group in 2024. The expertly redeveloped pr”
“InterContinental Indianapolis opened in the city's downtown, steps from the Indiana State Capitol. Housed in Indianapolis' historic 100-year-old Illinois Building, the hotel underwent a $120 million restoration before officially opening last month.”
“InterContinental Hotels and Resorts recently opened the stunning InterContinental Indianapolis...Housed in the historic 100-year-old Illinois Building...Construction was substantially completed by Keystone Group in 2024 before making a grand debut on February 20, 2025.”
“InterContinental Indianapolis has come to fruition after a $110m restoration of a building originally built in 1926.”
“The city's newest luxury hotel opened Monday in downtown Indianapolis, breathing new life into a once-abandoned building. The InterContinental Indianapolis is part of IHG Hotels and Resorts' luxury and lifestyle portfolio.”
“Following a $110 million restoration, InterContinental Indianapolis will merge timeless style and the city's signature Hoosier Hospitality... Facets of the building's original ornate lobby have been preserved which will seamlessly blend in with a new contemporary canopy.”
“InterContinental Hotels & Resorts will open a site in Indianapolis later this winter, marking the first new luxury hotel to open in the state in almost two decades.”
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