Hilton Worldwide is working on two new hotel projects in University City; a new $50 million Homewood Suites at 41st and Walnut St and a $10 million renovation of the Hilton Inn at Penn at 3600 Sansom St. The Walnut Street hotel will feature 136 extended-stay suites, averaging 500 square feet. Hotel amenities will include a free shuttle to area facilities like the Penn campus, University of Pennsylvania Hospital, and Children's Hospital of Philadelphia. The second phase of the development will include a 150,000 sq ft office building.
The project was jointly financed by the state, Philadelphia Industrial Development Corp., The Reinvestment Fund, US Bank Community Development Corp. and Beneficial Bank.
Developer: Campus Apartments
Architect:
Alesker and Dundon Architects
Project cost: $50 million
Land Purchase price: $1.5 million
Location: 4109 Walnut St.- University City
Completion Date: 2012
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