Home2 Suites by Hilton, the award-winning, mid-tier extended stay brand, joined Parkway Corporation and Wurzak Hotel Group in hosting the groundbreaking ceremony for its largest property to date.
The 246-suite hotel will sit adjacent to the recently expanded Pennsylvania Convention Center at 12th and Arch Streets, and is one of the first new-build hotels in ADVERTISEMENT
Leaders from Parkway Corporation, Wurzak Hotel Group, Hilton Worldwide and Capital One Bank joined Philadelphia Mayor Michael A. Nutter, State Senator Larry Farnese, State Representative Dwight Evans and other elected state and local officials at the event.
The eight-story hotel complex is part of the second phase of construction of the Pennsylvania Convention Center, and will create 123 new construction jobs and 146 permanent hotel jobs.
“This project is the result of a public-private effort to add hotel rooms and many new jobs to the city and the Convention Center,” said Robert Zuritsky, president, Parkway Corporation.
“I am delighted to attend today’s groundbreaking for the Hilton Home2 Suites, the first newly developed hotel in Philadelphia since the expansion of the Pennsylvania Convention Center,” said Mayor Michael A. Nutter.
“Philadelphia’s hospitality sector creates jobs, increases tourism, and has a perfect synergy with all of those other sectors which have meetings, conferences and conventions in our city. As we continue to expand our museums, attractions and restaurants that serve both residents and visitors, we will need hotels to meet this increasing need.”
The new Philadelphia hotel will feature over 2,000 square feet of meeting space and 9,750 square feet for ground floor retail and restaurants.
The total project cost is $60 million and will be partially funded with $2.75 million in Redevelopment Assistance Capital Program (RACP) funding and an Infrastructure and Facilities Improvement Program (IFIP) grant from the Commonwealth of Pennsylvania.
The property is being jointly developed by Parkway Corporation and the Wurzak hotel group.
This is the first mixed-use hotel and retail facility for the Parkway Corporation, and the second venture between the Wurzak hotel group and Hilton Worldwide.
The Home2 Suites Philadelphia Center City joins nine properties presently under construction.
The brand currently operates seven hotels throughout the U.S. and has 70 planned properties in the development pipeline.