CONSTRUCTIONAPPROVED

City of Fishers Resolution R031626A Approving Project Agreement (Crossing Hotel)

City Approves Development Agreement with Build BW for Crossing Hotel

Approximately $50 Million (developer investment); City to issue developer-backed bond (amount not specified)City of FishersBUILD BWMarch 16, 2026

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Description

The City of Fishers approved a project agreement with Build BW for the construction of a Tempo by Hilton Hotel and retail space at 9001 Maynard Lane. Build BW will invest approximately $50 million, with the City backing bonds and conveying the project site. Construction is to be substantially completed by the end of 2027.

Contract Details

Contract Amount

Approximately $50 Million (developer investment); City to issue developer-backed bond (amount not specified)

Vendor

BUILD BW

Agency

City of Fishers, IN

Contract Type

CONSTRUCTION

Document Date

March 16, 2026

Contract Term

Project agreement effective March 16, 2026, through the bond term (25 years from bond issuance); Substantial Completion by December 31, 2027; Outside Closing Date September 30, 2026

Renewal Date

2051-05-13

Renewal Info

Agreement term coincides with a 25-year bond period; City obligations continue while bonds are outstanding. If Build BW not officially named before May 1, 2026, agreement becomes void.