We liked this hotel.
The location was great, very close to Lucas Oil Stadium and also to shopping and restaurants. It's in a beautiful old building. We had a one bedroom suite which was very spacious. Be aware that there is no door between the living area and the bedroom. We didn't care but it may be inconvenient for a family. The shower was nice with great water pressure. The room came with something rare for hotels that we stay in, a hair dryer that worked well instead of one of those awful attached to the wall types. The bed was comfortable. Heating was nice and quiet, although with the high ceilings you need to put the tempature up more than you would expect. Breakfast was fine, the half grapefuits were much appreciated. The hot foods were mediocre. Staff was very helpful and welcoming.
Being that the hotel is in prime nightlife area it can be very noisy at night. We were on the 4th floor overlooking an air shaft and we could hear music and people shouting until the bars closed. We also heard the garbage pickup the first morning. It was not a problem for us since I never travel without ear plugs but it is something to be aware of.
We travel to Indy yearly and usually stay elsewhere but we will probably return to this hotel next year.
One additional note: I booked the hotel several months in advance and on the day we were arriving I discovered a much lower rate. I called and was able to get the rate lowered at a substantial savings.