Bradford Allen‘s investment arm has acquired the SpringHill Suites Indianapolis Fishers, a 130-room select-service hotel adjacent to the new Cadillac Formula 1 headquarters and Nickle Plate Trail railtrail corridor in Indianapolis.
Located near Interstate 69 in the Indianapolis North Loop submarket, the hotel is less than 3 miles from the new Fishers Event Center. The hotel is also across the street from the new Cadillac F1 headquarters being developed by Bradford Allen, and less than 20 miles from the Indianapolis Motor Speedway. In addition, the hotel is 5 miles from major employers including Genentech, Navient and the Federal Bureau of Investigation.
“This acquisition expands our portfolio of core brands in well-populated areas near experience-driven venues,” said Aghfar Arun, executive director, hospitality, Bradford Allen. “It also has a value-add component, another key part of our acquisition strategy. The hotel will benefit from the increased demand we anticipate from the F1 headquarters, as well as the growth of the Indianapolis suburbs and the many new nearby event and entertainment options.”
Opened in 2007 and renovated in 2016, the hotel features an indoor pool, meeting room, convenience store, fitness center, laundry room, complimentary breakfast buffet and complimentary on-site parking. There are currently no hotels under construction within 10 miles, allowing the property to benefit from limited supply.
Since launching its hospitality platform in 2022, Bradford Allen has acquired seven hotels totaling about 900 keys. In addition to the SpringHill Suites Indianapolis Fishers, the firm currently owns hotel assets in the Glendale Sports and Entertainment District in Glendale, AZ, a suburb of Phoenix; on Long Island near the Hamptons; and in Iowa City, IA, near the University of Iowa campus. The company also plans to open the new Hyatt Centric Rosemont near Chicago’s O’Hare International Airport later this year.
Bradford Allen broke ground last year on the Cadillac F1 headquarters, a 400,000-sq.-ft. motorsports facility. Earlier this year, the firm arranged a lease for Andretti Global, on behalf of the parent company TWG Motorsports, to occupy the former IndyStar Pulliam Production Center on Georgetown Road in Indianapolis to house Andretti Global’s INDYCAR, INDY NXT and Formula E teams. Both the Fishers and Georgetown Road facilities are expected to open in 2026.