WoodSpring Hotelshas entered into an agreement with Loftus Robinson Hotels to develop a hotel in the Indianapolis market. The hotel will serve the entire northwestern Indianapolis metro area, in addition to the nearby 600-acre AllPoints at Anson industrial park. The hotel is planned to break ground in August 2017 with a planned 2Q18 opening.
“WoodSpring Hotels is the leader in the value extended-stay segment and offers an innovative product with well-designed rooms perfect for a night or a week,” said Dale Johns, Loftus Robinson Hotels president. “Combined with our market insight and the economies of scale our portfolio creates, we believe this hotel will ramp up quickly as it establishes itself as a market leader.”
Indianapolis-based Loftus Robinson is a development and construction company whose portfolio includes the J.F. Wild Building, The Switch and a $40M mixed-use project currently in development directly across from Indianapolis Motor Speedway. Loftus Robinson Hotels is comprised of co-principals Drew Loftus, Kyle Robinson and Dale Johns.
“Loftus Robinson is the area’s top, young commercial real estate company, and we look forward to expanding our relationship with them moving forward as we pursue our own aggressive growth goals,” said Ron Burgett, WoodSpring Hotels executive vice president of franchise development and operations. “With the addition of the Whitestown WoodSpring Hotel, we remain on track for another year of near record development.”
WoodSpring Hotels is the company behind the nation’s fastest growing value extended stay hotel brand with more than 225 hotels in 33 states. The company owns 96 hotels and provides management services for both company-owned and franchised locations under the WoodSpring Suites and Value Place brands.
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