The restaurant stops serving breakfast at 9:30AM, far too early especially for a Sunday when guests might be out late the previous night. The televised hotel tour indicates that breakfast is available until 10AM. After 9:30AM, guests have to drive somewhere to get breakfast, as there is nothing within walking distance. The food court in the nearby Circle Center Mall isn't a practical alternative for breakfast since it doesn't open until 10AM during the week and noon on Sundays. Plus you have to pay for parking.
Check-in time (4PM) is later and check-out time (11AM) is earlier than most hotels, especially true 4-star hotels.
The location is not really in downtown Indy. If you are seeing a game or performance in the downtown area, don't expect to be able to walk from the hotel.
The hotel is probably fine for business travelers who just want to get in and out quickly. If you're traveling on vacation and want a leisurely, relaxing stay, don't book a room at the University Place Conference Center & Hotel Indianapolis.