(Story updated June 6th)

The Yard development in Fishers is set to have its ground breaking ceremony this week, but based on a filing with the Fishers Planned Unit Development Committee, a six-story Hyatt Hotel is planned for the southern section of that development.

Thompson Thrift and Dunn Hospitality issued a news release Wednesday showing the new hotel development is to be “double-branded.”

The filing by Dunn Hospitality says the architectural design will be similar to the apartments and retail space in The Yard.

“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,” said David Dunn, President and COO for Dunn Hospitality .  “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 Yard is a Thompson Thrift development of culinary retail spaces.  A parking garage and apartment development have been added to the plans recently.  The Fishers  Redevelopment Commission approved a series of actions  Monday tied to the additional construction

You can review the filing with the Planned Unit Development Committee at this link.

Construction is expected to take 15 months once work begins.

(Note: the name of the company developing the hotel was referred to as Don Properties because that was the spelling contained in a Fishers staff document….the name of the developer is Dunn Hospitality)