Another major component is being added to The Junction in Logansport. The redevelopment of the former Logansport Mall property will now include a 99-room Hampton Inn by Hilton, which will be built at the site of what used to be a JCPenney store.
The hotel is being developed by Sulai Hospitality, which operates several hotels in Indiana. Financial terms of the project are not being disclosed.
“We were quick to jump on board when we heard about this project,” said Mitesh Patel, director of Sulai Hospitality. “We have sister properties in Wabash and Marion, so we’re familiar with the market and we were not going to let anything keep us from being a part of this project.”
The hotel will feature meeting and board room space, as well as an indoor swimming pool and fitness center. Patel says the Logansport/Cass County Chamber of Commerce is assisting the development company with funding options and a formal presentation will soon be made to the Logansport Redevelopment Commission.
“The COVID-19 virus gave us pause and has impacted all aspects of the hospitality industry,” Patel said. “The construction and development pieces are no exception. But the City of Logansport has really helped us feel comfortable about moving forward.”
Construction on the new hotel is slated for completion in the spring in 2022.
The Junction is being developed by Chicago-based Park Development LLC, which acquired the mall property in February.
The firm says the redevelopment effort will include nearly 144,000 square feet of retail space, including the existing Dunham’s Sports and Dollar Tree locations. Last month, Planet Fitness (NYSE: PLNT) signed on as a tenant with plans to occupy space in the former Sears store.