When Browning Investments first announced the construction of a large complex along 116th Street in the heart of the Nickel Plate District in downtown Fishers, there was an expectation that a hotel would be included in that development, along with the headquarters of First Internet Bank.
Browning, Dora Hotels and Fishers city officials announced Wednesday a five-story, 116-room high-end, boutique hotel to be located in the city’s downtown Nickel Plate District. The Hotel Nickel Plate, a Tapestry Collection by Hilton hotel, will feature a full-service restaurant on the first floor and Nickel Plate Trail access.
The city news release describes a design centered on the history of the Nickel Plate Railroad in Fishers.
“Downtown Fishers is quickly becoming the heart of our community, showcasing the vibrancy of the community alongside growing and entrepreneurial companies,” said Fishers Mayor Scott Fadness. “Hotel Nickel Plate will create another iconic destination downtown where residents, visitors, businesses and more come together to enjoy all that downtown and the Nickel Plate Trail has to offer. We’re grateful to Browning and Dora Hotel Company for bringing our vision to light.”
The development of the hotel is the result of a project agreement that included the transfer of land for development and construction of the luxury hotel. The agreement was approved in December 2018.
The Fishers City Council will consider incentives to the developer for the construction of the hotel during its December 2019 meeting. The City of Fishers is proposing a waiver of impact and permitting fees and $2.1 million from the existing downtown Tax Increment Financing (TIF) fund as its incentives to the project. Browning and Dora Hotel Company will commit to an 85 percent minimum taxpayer agreement for 25 years.