New Hotel Planned For 12th and Arch Sts. In Center City Philadelphia

PHILADELPHIA (CBS) – In a glimmer of good economic news for Philadelphia, a local developer today announced plans for a new hotel to be built right across the street from the Pennsylvania Convention Center.

The Parkway Corporation — best known for its garages and parking lots in Philadelphia — plans to build a $60-million hotel at the corner of 12th and Arch Streets, across from the convention center and just west of Reading Terminal Market, now the site of a parking lot (photo below).

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12arch parking lot  dunn New Hotel Planned For 12th and Arch Sts. In Center City Philadelphia

(The southwest corner of 12th and Arch Streets, site of a planned Hilton hotel. Credit: Mike Dunn)

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“The Convention Center has expanded, and it’s booking, and it’s doing very well,” Parkway Corp. president Rob Zuritsky said today.  “There’s a market for new hotel rooms.  So we think this is a very good investment.”

Jack Ferguson, CEO of the Philadelphia Convention and Visitors Bureau, agrees.

“Absolutely there’s a need,” he said today.  “We have these large conventions coming in, and the demand for rooms gets tougher and tougher all the time.”

The hotel, to be complete in 2013, will have 246 suites aimed at long-term travelers.  It will be managed by Hilton under its new brand, “Home2 Suites.”

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home2 rendering New Hotel Planned For 12th and Arch Sts. In Center City Philadelphia

(Artist's rendering of the new "Home 2" hotel.)

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It is the first from-the-ground-up hotel construction in Philadelphia since 2000.

Reported by Mike Dunn, KYW Newsradio 1060

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Comments

One Comment

  1. Jenny says:

    The building is kind of ugly in the depiction. Maybe there’s still time to work on this.

  2. jim says:

    i thought that property was too be a w hotel……the drawing looks less then inspiring…..hope there r businesses at street level…..

  3. Marianne says:

    We the people who work in the other buildings on the 1200 block of Arch Street have just recovered from the construction of the the Convention Center addition. I hope that they take us into consideration when they cut off access to the pavement for foot traffic. Arch Street is a dangerous street and I can’t imagine what it will be like trying to get to our buildings if they obstruct the whole sidewalk

  4. sheriff says:

    The rich get richer & into the hands of a few the $$ flows. Workers will make some $$ for a few years & then layoffs. Hotel will hire majority minimum wage personell. Philly really does blow!

    1. Booben the farm cleaner says:

      What does Philly have to do with what a hotel chain does or doesn’t? Let gov’t out of this.

  5. rwp says:

    I disagree. Maybe this is the first hotel constructed from the ground up in Center City since 2000. The aloft near the airport and the new university city hotel were constructed after 2000.

  6. Peter says:

    From the looks of the drawing they must be planning to knock down buildings on Arch. It aslo looks like the parking garage across from the Marriott and lal the businesses at street level (like Maggiano’s) are going, too.

    1. Amanda says:

      Nope, the site is currently a parking lot. The garage you’re thinking of is just next to it.

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