Hotel Monaco Opens In Old CityIt took 18 months and $89-million to rehab a historic Old City office building and make it Philadelphia's newest luxury hotel. Hotel Monaco, adjacent to Independence Mall, opened on Thursday.
Major Construction Begins For Hotel Monaco, Opening 2012 On Independence MallIt'll be called the Hotel Monaco, and it's being built at 5th and Chestnut Streets, in the shell of the former Lafayette Building.
Historic Old City Building Purchased by Hotel Chain

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