FISHERS, Ind. — Bradford Allen, a national full-service real estate firm, today announced its investment arm has acquired the SpringHill Suites Indianapolis Fishers, a 130-room select-service hotel at 9698 Hague Road adjacent to the new Cadillac Formula 1 headquarters and Nickle Plate Trail railtrail corridor and near other major employers and entertainment centers.
Bradford Allen acquired the SpringHill Suites Indianapolis Fishers, a 130-room hotel near the future Andretti Global headquarters under construction in the North Loop of Indianapolis.
Located near Interstate 69 in the Indianapolis North Loop submarket, the hotel is less than 3 miles from the new Fishers Event Center, which hosts concerts, basketball games and other events and serves as a community-focused venue for sports, graduation ceremonies and more. It also is 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 than 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 at 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, Ariz., a suburb of Phoenix; Long Island, N.Y., near the Hamptons; and Iowa City, Iowa, near the University of Iowa campus. Bradford Allen 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 cutting edge 400,000-square-foot 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.
About Bradford Allen:
Bradford Allen (BA) is a commercial real estate and investment services firm based in the heart of downtown Chicago. Founded in 2003 by principals Jeff Bernstein and Larry Elbaum as an office brokerage, the firm has grown into a vertically integrated commercial real estate company offering a full array of services and expertise across multiple U.S. markets to entrepreneurial, corporate and not-for-profit clients, including strategy, marketing and transaction execution for occupiers, investors and owners. For more information, visit bradfordallen.com.
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Editors:
For more information or to schedule an interview,?contact David Matthews, dmatthews@taylorjohnson.com, (312) 267-4523.