Reporting John McDevitt
Filed underBusiness & Economy, Heard On, Local, News, Philadelphia, Syndicated Local, Watch + Listen
PHILADELPHIA (CBS) - An agreement has been reached to develop the Philadelphia Navy Yard’s first hotel.
“Recognizing that we have a growing corporate presence there, clearly there is a need for additional amenities,” Gattuso said today, “and therefore we sough through a competitive process to bring in a hotel developer who would develop and own the hotel within our corporate park.”
He says Liberty Property Trust’s hotel development partner — Ensemble — is close to securing financing for the hotel.
Reported by John McDevitt, KYW Newsradio 1060