InterContinental Indianapolis has opened. The 170-key hotel is the first luxury property to open in Indiana’s state capital in two decades.

Located in Indianapolis’ downtown at 17 West Market Street, InterContinental Indianapolis is steps from Monument Circle and the Indiana State Capital. The property is housed in the historic 100-year-old Illinois Building, which was listed as one of Indiana’s 10 most endangered landmarks before it was purchased by Keystone Group, a locally-based owner and developer.

Keystone Group substantially completed the $120 million restoration of the building in 2024. The hotel began welcoming guests on February 20, 2025.

“As we open the doors to InterContinental Indianapolis with Keystone Group, we are proud to bring elevated experiences and create a sense of discovery for the modern luxury traveler while setting a new standard for hospitality in the region,” said Leanne Harwood, senior vice-president and managing director of Luxury & Lifestyle Americas, IHG Hotels & Resorts. “This stunning hotel embodies the vibrant culture and rich heritage of Indianapolis, so whether you’re a visitor exploring the destination for the first time or a local seeking to savor a perfectly crafted cocktail on the rooftop, there is something for all to enjoy.”

Highlights of InterContinental Indianapolis include:

• a granite and limestone exterior featuring much of the Illinois Building’s original architecture – the building was designed by architect Rubush and Hunter in 1925 – such as Moderne bas relief panels and gold-glazed terra cotta cornice;
• bespoke Murano chandeliers and a hand-blown glass chandelier that suspends three stories from the second-floor lobby;
• an art program that exclusively features pieces throughout the hotel that were commissioned by artists with strong Indiana ties;
• Italian marble located throughout the public spaces;
• guestroom bathrooms with walk-in showers and double vanities;
• soaking tubs in select suites;
• food and beverage offerings overseen by award-winning Indiana Chef Craig Baker;
• Astrea Rooftop Bar, the city’s first rooftop bar overlooking Monument Circle;
• Serliana, an all-day restaurant on the second floor, servings a menu of elevated classics (Indian Pork Tenderloin Sandwich, Homemade Biscuit Sandwich, etc.)
• and a 24-hour fitness center with state-of-the-art equipment including Peloton Bikes and Row, free weights and more.

InterContinental Indianapolis also offers more than 5,000 square feet of meeting and event space including a 2,500-square-foot ballroom.