Kite Realty Group Trust announced that it has entered into a joint venture to build and operate a full-service Embassy Suites hotel at its Eddy Street Commons property at the University of Notre Dame, which will be located across the street from Notre Dame Stadium. The Company will own a 35% non-controlling interest in this $46 million-dollar project that was partially funded with $6.0 million in tax increment financing proceeds. The hotel will be a key component of Phase II at Eddy Street Commons, which is currently being developed in cooperation with the University of Notre Dame. Along with the hotel, which is expected to be completed in the second half of 2018, Phase II will include 406 upscale apartments, 22 residential town homes and condos, additional retail space and a community center.