Projects

On February 21st, 2025, the Indianapolis Airport Authority Board approved the issuance of bonds to finance the construction of a new hotel, approved contracts, and amendments to existing contracts for construction. The 253-room hotel will connect to the west side of the IND Terminal Parking Garage and will be a Marriott Westin brand. The upper-upscale hotel will feature a full-service three-meals/day restaurant and a seventh-floor bar/lounge/restaurant area with an airfield view open to the public, a fitness center, approximately 10,000 square feet of meeting space, dedicated parking with valet and a pedestrian passage through the hotel to the parking garage and terminal for airport employees and passengers. Additionally, the hotel will be built with an energy-efficient and sustainable design, with the goal of attaining LEED Silver certification.

On April 21st, 2025, the Bond Bank Board of Directors unanimously approved Resolution No. 1, 2025 authorizing the issuance of up to $435 million in General Airport Revenue Bonds for the construction of an airport hotel and capital projects. In May 2025, the Bond Bank issued $293,625,000 in General Airport Revenue Bonds for the Indianapolis Airport Authority.