logo
After more than a decade, InterContinental opens downtown. See inside the luxury hotel

After more than a decade, InterContinental opens downtown. See inside the luxury hotel

Yahoo25-02-2025

Step inside the first floor of the new InterContinental hotel in Indianapolis, and you're in the building's original lobby where golden accents transport guests back in time to the roaring 1920s when the Illinois Building first opened. But when you head up to the second-floor main lobby, you'll find a modern hotel housed in the historic Indianapolis building once at risk for demolition.
Indianapolis-based developer Keystone Group bought the Illinois Building at the corner of Illinois and Market Streets in 2013, investing $110 million and promising to rejuvenate the languishing site. Now, 12 years later, the nearly century-old building opened to the public once again Monday as the first new luxury hotel in Indianapolis in nearly two decades.
Keystone added an eleventh floor, which now serves as home to a penthouse suite with views of Monument Circle and a rooftop restaurant and bar. The hotel includes 170 guest rooms, some of which look out to the building's atrium, two restaurants and 5,000-square feet of event space for weddings, board meetings or other private events.
The entire hotel pays homage to the city's creatives, with works by Indianapolis artists commissioned for the hotel in the lobby, hallways and guest rooms. Mini fridges stock snacks and drinks from local brands such as Just Pop In! and the South Bend Chocolate Company.
More: Intercontinental sets winter opening date; 5 takeaways on the luxury hotel before it opens
Alysa Guffey covers business and development for IndyStar. Contact her at amguffey@gannett.com.
This article originally appeared on Indianapolis Star: See inside the InterContinental, downtown's newest luxury hotel

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The Financial Backbone of Startups: Why Austin Entrepreneurs Need Professional CPA and CFO Support
The Financial Backbone of Startups: Why Austin Entrepreneurs Need Professional CPA and CFO Support

Time Business News

time43 minutes ago

  • Time Business News

The Financial Backbone of Startups: Why Austin Entrepreneurs Need Professional CPA and CFO Support

Austin, Texas, continues to attract some of the most innovative minds and fastest-growing startups in the country. From tech ventures to local service-based businesses, the entrepreneurial spirit is thriving. Yet for all the excitement and energy, one challenge keeps tripping up promising ventures: financial mismanagement. Many entrepreneurs focus on product development, customer acquisition, and branding—leaving accounting, forecasting, and compliance as afterthoughts. But in a city where competition is fierce and investors are selective, overlooking your financial health can cost you growth—or even your business. The startup journey often comes with: Inconsistent revenue Unclear cash flow Poorly tracked expenses Tax surprises Missed funding opportunities Founders are typically visionaries, not financial experts. As a result, many operate their businesses using spreadsheets, gut instincts, or outdated accounting software. These approaches might work in the first few months—but not when you're scaling, hiring, or seeking capital. Before you bring in CFO-level leadership or consult with CPA firms, your first step should be hiring a small business accountant in Austin. Bookkeeping : Maintain organized and accurate records of all transactions. : Maintain organized and accurate records of all transactions. Payroll : Process employee payments and ensure tax withholdings are accurate. : Process employee payments and ensure tax withholdings are accurate. Monthly Statements : Help you understand profits, losses, and where your money goes. : Help you understand profits, losses, and where your money goes. Quarterly Taxes: Keep your business compliant and avoid IRS penalties. Because they're local, an Austin-based accountant understands Texas tax rules, franchise tax obligations, and local filing deadlines better than a remote service. Bonus: Many small business accountants now use cloud-based software, giving you 24/7 visibility into your finances and eliminating guesswork. Once you're generating consistent revenue or considering scaling, a small business accountant might not be enough. This is where CFO service in Austin TX comes in. A Chief Financial Officer (CFO) isn't just a number cruncher. They're a financial strategist who provides leadership on: Cash flow forecasting Financial modeling and budgeting Investor readiness Loan or funding management Expense optimization KPI tracking and performance evaluation By hiring outsourced CFO services in Austin, startups get executive-level financial support without paying full-time executive salaries. It's a powerful way to gain expert insight while staying lean. Here are some real-world examples of how CFO support makes a difference: A CFO helps you assess whether you can truly afford to expand your team or open a new office—or if waiting 6 months would save you from cash flow trouble. Without knowing your margins, it's easy to undercharge. A CFO will analyze your costs and recommend a sustainable pricing structure. If your books are messy, or your pitch deck lacks solid financials, investors will walk away. A CFO ensures you're always 'investor-ready.' By working closely with your accountant and eventually a CPA firm, a CFO keeps you organized year-round so you're not scrambling when April rolls around. Austin isn't just any city—it's a tech hub, creative powerhouse, and magnet for venture capital. When you partner with local financial professionals, you gain access to: Regional insights on Texas tax law and local compliance. on Texas tax law and local compliance. Networks that include bankers, investors, and startup mentors. that include bankers, investors, and startup mentors. Personalized service from people who understand your business context. Unlike generic national services, local financial professionals understand the Austin startup scene and can offer advice grounded in real-world experience. As your startup matures, your needs will expand beyond bookkeeping and strategy. You'll require compliance, audit prep, advanced tax strategy, and possibly even exit planning. That's where CPA firms in Austin play a critical role. Tax filing and planning (local, state, federal) (local, state, federal) Audit preparation and representation Business incorporation advice Entity restructuring for tax savings Compliance with industry-specific regulations Valuation support for mergers or acquisitions CPA firms don't just look backward at your finances—they help you plan for future moves and long-term goals. Stage of Business Financial Support Needed Pre-launch/Prototype Small business accountant Post-revenue (>$100K) Add CFO service Austin TX Scaling (>$500K+) Add CPA firms in Austin Hiring early doesn't mean overextending—it means preparing for growth from day one. Today's financial experts—especially in tech-forward Austin—rely on digital tools to streamline operations. From cloud-based bookkeeping to real-time dashboards, the best financial partners will integrate with your systems like: QuickBooks Online Xero Gusto (for payroll) Expensify Fathom or Spotlight for reporting By leveraging these platforms, you get real-time financial visibility that informs better business decisions. Whether you're considering a small business accountant, CFO service, or CPA firm, ask: What industries do you specialize in? Do you understand the startup and venture-backed landscape? How do you communicate and deliver reports? What's your fee structure? Do you offer scalable services as we grow? Can you collaborate with our other partners (legal, banking, etc.)? Your financial team should feel like an extension of your startup—not just a service provider. Building a startup is hard enough. Don't let poor financial decisions be the reason you fail. By working with a reliable small business accountant in Austin, engaging strategic CFO service in Austin TX, and eventually partnering with experienced CPA firms in Austin, you're putting the right financial backbone in place to support your growth, funding goals, and long-term success. Whether you're preparing for your next funding round, trying to control runaway costs, or aiming for a clean exit—having trusted financial leadership will guide every decision with clarity and confidence. TIME BUSINESS NEWS

The Best Pilsners Of 2025—According To The World Beer Cup
The Best Pilsners Of 2025—According To The World Beer Cup

Forbes

time3 hours ago

  • Forbes

The Best Pilsners Of 2025—According To The World Beer Cup

Breweries in the U.S. and Japan were honored for their pilsners at this year's World Beer Cup. The best pilsner beers in 5 subcategories of pilsner were recently selected at this year's World Beer Cup. The winning beers were made by breweries across the U.S. and globe, though surprisingly, given the style's European roots, no breweries from Europe took home pilsner medals. The World Beer Cup took place this spring in Indianapolis. The prestigious competition is run by the Brewers Association, a not-for-profit trade association representing American independent craft brewers. This year, judges assessed 8,375 beers and ciders in more than 300 categories submitted by producers from 49 countries. Submissions included hundreds of pilsners—a clean and crisp style of lager that is often referred to as a brewer's handshake because it is considered one of the clearest indicators of a given brewer's skill. For each pilsner category and beer category overall at the competition, only three medals were awarded: gold, silver, and bronze. Forbes previously looked at the pilsner gold medal winners, particularly Haha Pils,the German-style pilsner gold medal winner. Here we're taking a closer look at all the pilsners that took home a medal at this year's World Beer Cup. Gold: Birkebeinerpils, Victor 23, Portland, OR Silver: Hi-Wire Lager, Hi-Wire Brewing, Asheville, NC Bronze: Icicle Premium Pilsner, Icicle Brewing Co., Leavenworth, WA Gold: STS Pils, Russian River Brewing Co., Windsor, CA Silver: Hamburghini, ISM Brewing, Long Beach, CA Bronze: Pivo, Firestone Walker Brewing Co., Paso Robles, CA Gold: Haha Pils, Arbeiter Brewing Co., Minneapolis, MN Silver: Kinabik Pilsner, Snake Lake Brewing Co., Sylvan Lake, Canada Bronze: Planks, MadeWest Brewing Co., Ventura, CA Gold: Bay Pilsner, Yokohama Bay Brewing Co., Yokohama, Japan Silver: Pilsner Rešov, Equal Parts Brewing, Houston, TX Bronze: Minoh Beer Pilsner, Minoh Brewery, Minoh-shi, Japan Gold: Highwayman, Roadhouse Brewing, Jackson, WY Silver: Bellevue 1882 Lager, Bellevue Brewing Co., Bellevue, WA Bronze: Gold Country Pilsner, Auburn Alehouse, Auburn, CA The pilsner category has seen increasing interest from brewers and beer fans overall in recent years. All pilsner variants are themselves a type of pale light lager. These beers are generally noted for their crisp, clean flavors, low bitterness, and subtle malt flavors. Hops are important in this style of beer, but they take on a less in-your-face role than they do in an IBA. The differences between types of pilsners can range from subtle to more pronounced. German pilsners tend to have more bitterness than other styles of pilsner and frequently use Tettnang or Hallertau hops. They are also often unfiltered and cloudy in appearance. Czech pilsners tend to be clear in appearance and ​​often use the Saaz hop, which gives them a distinct taste. American pilsners are based upon German pilsners but can incorporate a wider variety of ingredients, including corn and can be described as falling between a Bohemian pilsner and German pilsner in terms of flavor. Meanwhile, Italian pilsners add dry hopping to the traditional pilsner brewing process, adding more hop character to the finished product.

Nordstrom is coming back to San Francisco — but not how you remember it
Nordstrom is coming back to San Francisco — but not how you remember it

San Francisco Chronicle​

time3 hours ago

  • San Francisco Chronicle​

Nordstrom is coming back to San Francisco — but not how you remember it

The move comes nearly two years after the retailer's dramatic departure from downtown San Francisco, where it closed both its flagship store at Westfield Mall and a nearby Nordstrom Rack in 2023. Unlike its full-scale department stores, the upcoming 1,648-square-foot Nordstrom Local, set to open at 1919 Fillmore St., will not carry traditional retail inventory. Instead, it will function as a neighborhood hub offering online order pickups, returns, tailoring and personal styling appointments. The space will feature eight dressing rooms, a styling suite, and customer amenities including same-day delivery — and even a glass of wine or beer during visits. 'We're welcoming Nordstrom back,' said Planning Commission President Lydia So during the hearing. 'And we're welcoming whoever else wants to come back — or those who never considered coming here because things are hard.' After months of debate and outreach, the commission approved the proposal in a 5–2 vote. Still, the decision was not without controversy. Several residents and small business owners voiced concern that the store would worsen traffic congestion and fail to align with the neighborhood's character. 'This will increase traffic and hurt small businesses,' wrote Sharon Esker, who has lived in the neighborhood since 1969. 'It is not a retail store and I would like a better alternative to this space.' Neighbor Ditka Reiner criticized the landlord's decision to lease to a national retailer, noting that 'chain stores typically contribute to rising rents that push out small, local, independent businesses that are the backbone of a city.' The storefront, previously home to Minted, has been vacant since the early days of the pandemic and has become a symbol of the city's broader commercial vacancy crisis. But support for the project also came from a number of Fillmore Street merchants. 'Nordstrom has long been a responsible and engaged member of San Francisco's business landscape,' wrote Molly Leonetti, president of local boutique Clare V. 'Their presence will not only bring new energy to Fillmore Street but also support the success of neighboring businesses, including ours.' Andrew Graham, vice president of sales at San Francisco-based Marine Layer, agreed. 'Their convenient services, from order pickups to alterations, will attract customers who are likely to explore and shop at nearby stores, further strengthening the local economy,' he wrote. The debate around Nordstrom's return underscores ongoing tensions in San Francisco's recovery, between attracting commercial tenants to fill empty storefronts and preserving the unique character of neighborhood retail corridors.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store