TownePlace Suites – Indianapolis Downtown

New Construction | Completed 2021

The TownePlace Suites Indianapolis Downtown stands as one of Premier Development’s show case in expertise in delivering high-quality hospitality projects. Completed in 2021, this ground-up development was strategically designed and executed to serve the growing demand for extended-stay accommodations in the heart of downtown Indianapolis.

With a total project cost of $21.5 million, the team successfully navigated entitlement, financing, and construction to bring the property to market on time and within budget. Since its completion, the property has experienced strong performance and appreciation, with a current appraisal of $33.5 million—reflecting the project’s significant value creation and long-term investment strength.

This development underscores Premier Development’s ability to manage complex, large-scale hospitality projects and deliver exceptional results for investors, partners, and the communities we serve.