TTRG and Dunn Hospitality Bringing Dual-Branded Hyatt Place and Hyatt House to Fishers District in Indianapolis

USA, Indianapolis, Indiana. June 11, 2018

Thompson Thrift Retail Group (TTRG) is excited to announce that we
are currently working with Dunn Hospitality Group to bring the dual
branded - Hyatt Place and Hyatt House, to The Yard at Fishers District.
This unique concept incorporates the two different hotels within a
single six-story building of 211 rooms.

David Dunn, President and COO for Dunn Hospitality stated, "We had
been analyzing various sites throughout the Indianapolis metro area for
some time and were drawn to 116th Street due to the announced projects
including Top Golf and IKEA and its close proximity to numerous other
demand generators.” He added, “Once we became aware of Thompson Thrift's
development plans, we instantly recognized the opportunity and moved
quickly. We feel fortunate to have been selected as their exclusive
hospitality partner with this project.”

The hotel will be built by Dunn Hospitality Group's own Hospitality
Construction using ICF (Insulated Concrete Forms). This method of
construction was recently used on Dunn's Holiday Inn Express and Suites
in downtown Louisville, KY and was named by the nationally recognized
ICF Builder Awards as the 2017 Hospitality Project of the Year.

Both the Hyatt Place (125 Rooms) and Hyatt House (86 Rooms) will
feature free Wi-Fi throughout the building with remote printing, free
breakfast, a full-service restaurant with room service and bar open in
the evenings, on- site laundry, an indoor pool, 24-hour StayFit Gym, and
up to 3,000 square feet of shared flexible meeting space. The extended
stay rooms of the Hyatt House will also offer a fully equipped kitchen.

Dunn anticipates the completion of the hotel to be 15 months from the start of construction and will plan to hire approximately 50 employees for the completed project.

"We wanted to have a hotel on site and working with Dunn Hospitality Group made that happen. We are very appreciative to be working with such an experienced and talented hotel development company. Their years of experience and excellent reputation has proven to be an asset to this development.” Ryan Smith, Vice President, Retail Sales and Leasing for TTRG.

The Yard at Fishers District is an exciting addition to the rapidly expanding City of Fishers, voted #1 place to live by Money Magazine, and will service as the perfect complement to its adjacent neighbors, Topgolf and IKEA.

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