It is listed on the National Register of Historic Places as a part of the Wholesale District historic district.

A hotel has existed on the 123 S. Illinois Street site since 1858 when architect Francis Costigan designed, built, and began operating the 4-story Oriental Hotel.

It is attached to the Circle Centre mall, which was constructed around the hotel.

In late 2014, it opened as the Le Méridien Indianapolis Hotel.

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