LeMeridien Hotel (Philadelphia, PA)

WHP made a preferred equity investment in the conversion of a historic downtown building into a 192 room Le Meridien Hotel (Starwood) in Philadelphia, Pennsylvania. The 1912 10-story Georgian revival style building is located on the north side of Arch Street, just west of Broad Street and within a block of the under-way expansion of the Pennsylvania Convention Center. HEI, a publicly traded hotel REIT, entered into a pre-sale arrangement prior to the construction commencement.


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