{"id":1004101975,"date":"2014-08-08T13:26:18","date_gmt":"2014-08-08T21:26:18","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=283069"},"modified":"2020-04-16T01:18:01","modified_gmt":"2020-04-16T09:18:01","slug":"csm-corp-to-develop-the-first-two-flag-hotel-building-in-indianapolis","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/csm-corp-to-develop-the-first-two-flag-hotel-building-in-indianapolis\/","title":{"rendered":"CSM Corp. to Develop the First Two-Flag Hotel Building in Indianapolis"},"content":{"rendered":"<p><em><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/Element-Lexington.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-283070\" title=\"Element Lexington\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/Element-Lexington.jpg\" alt=\"\" width=\"300\" height=\"222\" \/><\/a>By Adriana Pop, Associate Editor <\/em><\/p>\n<p>Minnesota-based CSM Corp. is planning the construction of the city&#8217;s first dual-branded hotel building. The project is slated to rise downtown, on a surface parking lot at the corner of Pennsylvania and Georgia streets.<\/p>\n<p>According to the <em><a href=\"https:\/\/www.ibj.com\/two-hotel-tower-proposed-across-from-fieldhouse\/PARAMS\/article\/48852\" target=\"_blank\" rel=\"nofollow\">Indianapolis Business Journal<\/a><\/em>, the 15-story structure would feature two lodging facilities, an Aloft and an Element hotel, with a total of 286 rooms.<\/p>\n<p>The company intends to purchase the site of the new development from local developer Allen Commercial.<\/p>\n<p>Designed by Ratio Architects, the building will also include two ground-level restaurant spaces, a smaller, second-level restaurant space and structured parking.<\/p>\n<p>The Indianapolis Historic Preservation Commission is scheduled to hear CSM\u2019s plans at a preliminary review on Aug. 12. The city\u2019s decision is expected later in the fall.<\/p>\n<p>If approved, the hotel building will be developed and financed under a license from Stamford, Conn.-based Starwood Hotels &amp; Resorts Worldwide Inc. Besides Aloft, which caters to daily business travelers, and Element, which is more rare and caters to extended-stay visitors, the company\u2019s other brands include the W boutique, the luxurious Le Meridien, and the more popular Sheraton and Westin.<\/p>\n<p>The dual-branded Aloft and Element hotels are gaining popularity in major metropolitan markets, according to Allison Reid, Starwood\u2019s senior vice president of North American development.<\/p>\n<p>A similar property has recently been built in Lexington, Mass., while others are scheduled to open in Boston in 2016, and in Columbus, Ohio, and London, the following year.<\/p>\n<p>White Lodging of Merrillville is largely responsible for the dual-branded hotel trend, according to Mark Eble, Midwest regional vice president for San Francisco-based PKF Hospitality Research.<\/p>\n<p>The company is currently building a dual-branded Hyatt Place\/Hyatt House in Denver, which is scheduled to open next summer.<\/p>\n<p>\u201cThis is a concept that is growing in popularity,\u201d Eble told the newspaper. \u201cIt\u2019s relatively new in the industry to have two brands under the same roof.\u201d<\/p>\n<p><em>Photo credits: Starwood Hotels &amp; Resorts<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minnesota-based CSM Corp. is planning the construction of the city&#8217;s first dual-branded hotel building on a surface parking lot downtown.<\/p>\n","protected":false},"author":260,"featured_media":1004506868,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1590,21742],"tags":[1815],"class_list":["post-1004101975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indianapolis","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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