SPEEDWAY — A stalled hotel project across from the Indianapolis Motor Speedway could soon see new life.
The Speedway Town Council on Monday heard from Hotel Equities about its plan to pick up the development on the Main Street project.
The new developers say they will maintain the hotel's current footprint, which includes a five-story, 127-room hotel.
When it's finished, the hotel will be branded under the Hilton Tapestry brand.
Hotel Equities plans to resume construction in the spring and expect the hotel to open in early 2023.
PREVIOUS | April 2019: New hotel opens in Speedway and another is on the way | September 2019: Work on Speedway hotel to resume soon for a 2020 summer opening | October 2019: Stalled hotel construction project in Speedway frustrates residents | December 2019: RTV6 getting answers as deadline approaches for response from Speedway hotel developer | January 2020: Six months later, Speedway still waiting for construction to continue on hotel | July 2020: Community still waiting on hotel project in Speedway | September 2020: New life for stalled Speedway hotel project