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The-Stations A retail development at The Stations.

FISHERS, IND—While the coronavirus pandemic ravages the hospitality industry, the Thompson Thrift Retail Group has managed to finalize the sale of a hotel pad to a developer that plans to build a $20 million Courtyard by Marriott near Indianapolis.

TTRG just closed a deal for an undisclosed amount with Dunn Hospitality Group, which intends to open a 145-room hotel during the latter half of 2021. The project is located within a $60 million mixed-use development here called The Stations.

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