Community Hospital Purchases Hilton

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The Community Health Network Foundation has purchased the Hilton Indianapolis North, located along I-69 at 82nd Street. The foundation will demolish the hotel and a team of leaders will determine the best plan of redevelopment for the site. September 11, 2014

News Release

INDIANAPOLIS, Ind. - One of the most visible sites along the I-69 corridor will soon change. The Community Health Network Foundation owns an 8.9 acre parcel of land on the corner of 82nd Street and Shadeland Avenue that is currently the leased site of the Hilton Indianapolis North. The Foundation has exercised its right of first refusal to purchase the hotel from the current Hilton franchisee, and Community Health Network will reclaim the valuable land for future use by Community’s North Region. A management company will be hired to operate the hotel in the interim period, with closure expected to occur by the end of 2014. A team of leaders from Community’s North Region will begin planning for how the 8.9 acres will be redeveloped to meet the future needs of physicians and patients.

"The opportunity for the Foundation to purchase the Hilton came at a perfect time," said Joyce Irwin, president of the Community Health Network Foundation. "Community’s North Region continues to expand its reach and needs the physical space to meet the growing demands of the marketplace. Opening up this prime area of real estate for healthcare services benefits the residents who live in the northern areas of Central Indiana."

"Community's North campus is located in one of the fastest-growing markets in the nation," said Jason Fahrlander, president of Community's North Region. "Having that land at 82nd Street and Shadeland will position us to expand much needed patient services in the future. This parcel is in a vital location that provides easy access for patients and their families traveling from multiple locations via I-69 and I-465."

The former Community Hospitals of Indiana, Inc. originally purchased substantial acreage in this Castleton corridor in 1981, with the intention of developing a north campus for what is now Community Health Network. In 1985, Community Hospital North opened with a 100-bed acute care inpatient capacity, emergency department and outpatient services. As the northeast side of Indianapolis expanded and the town of Fishers became more populated, the North campus was further developed to serve a growing patient base. Additions to the campus have included a 42-bed neonatal intensive care unit, the largest maternity unit in the nation with 60 private patient suites; Community Heart and Vascular Hospital; Community Rehabilitation Hospital; an oncology center; and oncologists affiliated with the MD Anderson Cancer Network, a program of the University of Texas MD Anderson Cancer Center. The current hotel site was transferred to the Community Health Network Foundation in 1983 and later developed.

Source: Community Health Network