Downtown's Signia by Hilton stays ahead of schedule
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Crews will pour concrete on the 36th floor of Indiana's first Signia by Hilton hotel this week.
Why it matters: That milestone puts work on downtown Indianapolis' 38-story skyline reshaper about a month ahead of schedule and on pace to welcome guests in time for next school year.
The big picture: Previously at risk of losing some of its biggest events because of space constraints, Indy will be able to comfortably host two "citywide" happenings at once because of the new hotel and the sixth Indiana Convention Center expansion.
What they're saying: Kyle Stevens, director of sales and marketing for Signia by Hilton, told Axios that Indy's rising profile as a must-visit Midwestern city is one of the reasons it was chosen as the next spot for the hotel giant's "approachable luxury" concept.
- Only four Signia locations are open so far in the world.
- "This is such an ascending city. We've been tracking lead volume coming into Indianapolis for several years, and it has gone through the roof as it relates to growth," Stevens said.
Driving the news: Officials provided a sneak peek of progress on the roughly $570 million Signia on Monday, including a first look at guest rooms and the space that will eventually house the largest ballroom in Indiana.
Zoom in: Bill Sewall, vice president of construction management company AECOM Hunt, said the 50,000-square-foot Grand Ballroom on the second floor will beat the JW Marriott's biggest ballroom in sheer size by about 10,000 square feet.
- The basement level will house a roughly 15,000-square-foot Junior Ballroom and a sunken courtyard.
- The ground level will provide access to Georgia Street. It'll also have a lobby bar and speakeasy, restaurant and express elevators to the rooftop Sky Lounge.
- The third floor has meeting space, a 9,000-square-foot Signature Ballroom and the Signia Spa.
- The fifth floor features the pool deck, event deck, snack bar and skyline views.
State of play: According to data provided to Axios from real estate data and analytics firm CoStar, Indy ranked 12th in the nation last summer for the number of new hotel rooms under construction, with more than 2,300 rooms across 15 hotels.
- Indianapolis was the only Midwest city to make the top 15.
What next: The final floor of concrete should be poured in September.
- The Signia Hotel is slated to open fall 2026.