MHG Hotel Partners in Development of Wilshaw Hotel - September 22, 2020

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Town of Speedway officials are pleased to announce that the long delayed Wilshaw Hotel project at 16th Street and Main Street appears to be back on track with a newly signed partnership agreement between MHG Hotels, LLC and the current developer. Loftus Robinson and MHG Hotels announced the partnership in a press release today.

MHG Hotels has been selected to be a partner in what is planned to be a Hilton Tapestry Hotel overlooking Gate 1 of the Indianapolis Motor Speedway marking what the town hopes will be a new start for the project. Alongside the developers, Wilhelm Construction will continue moving forward as the contractor for the hotel with conjunction with MHG Hotels affiliated construction company Letap Construction.

“Over the last year, the Speedway Redevelopment Commission has stayed diligent in evaluating all possible solutions in conjunction with the developers to find a path forward to complete the project that was promised to the community,” stated Speedway Economic Development Director, Tim Gropp. “We are excited to have MHG partnering in this project as they have proven their ability to deliver quality projects. We are confident they are the right firm to finish the job.”

In 2019, MHG opened the Courtyard by Marriot in the Speedway Marketplace development near I-465. They also have committed to build a Hampton Inn and Conference Center in the new Founders Square development.  This new hotel is expected to open in 2022. “MHG owner, Sanjay Patel, and his team have been great partners with the Town of Speedway and we are relieved they have chosen to invest their time and energy to see this project through to completion,” stated Brody Duncan, President of the Speedway Redevelopment Commission. “Over the next few months, there will be a lot of behind the scenes work while they are reviewing the finances, reevaluating the design, and rebidding some of the work. With their experience and guidance on this project, we look forward to this hotel becoming a significant centerpiece to the redevelopment efforts in our community upon completion.”

Town Council President David Lindsey added, “While the Town Council has been very disappointed that this project has been delayed for so long, we are grateful to see the significant effort being put into a restart plan by MHG. Although this is not a small task for MHG to take over the project, we anticipate a stronger end product once completed. We also anticipate better communication on the project moving forward and are looking forward to reviewing a new project timeline in the near future.” Construction is not expected to resume until early 2021 once winter conditions ease. Updates will continue to be given monthly as to the progress.

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