I've stayed here before and would absolutely stay again. The bistro and ease of computer access (and free printing and wireless) make this a great spot for business travel. You can work over food or a cocktail. The rooms are comfortable and offer an outlet connected to the lamp near the bed (again, another key element to business travel in my opinion). My room was right near the ice machine which I couldn't hear unless I was near the sink. Staff are super helpful as well. If a leisurely trip brought me to Indianapolis this would be the top of my list as well.
With regard to location, as others have noted the hotel is close to IUPUI, but not near much else. For a taxi ride between $10 - $15 you can get to various areas of Indianapolis for dinner options.
For those with food sensitivities - the bistro offers soy milk for coffee.More