The new dynamics that will emerge from the uptick in construction are game changing, said Nick Grego

PHILADELPHIA Often referred to as the birthplace of freedom in the United States, Philadelphia is known as a prominent backdrop in the country s fight for independence. Now the market s hotel industry is undergoing a minor revolution of its own, according to some of the city s hoteliers.
An uptick in demand (+2.2%) and overall performance is driving an influx of development. Philadelphia has 47 projects in the pipeline, according to STR, parent company of HotelNewsNow.com. With 10 hotels travel map malaysia having broken ground or in the process of finalizing bids on the general contract, travel map malaysia the market trails only New York (58), Washington, D.C. (16) and Orlando, Florida (11), with projects in the in construction phase of the pipeline.
The new dynamics that will emerge from the uptick in construction are game changing, said Nick Gregory, travel map malaysia GM of the Hotel Monaco travel map malaysia Philadelphia, which is slated to open in October. The property will be Kimpton Hotels Restaurants Group s second in the city behind the Hotel Palomar Philadelphia and the company s 10th to open under the Monaco travel map malaysia brand.
Although the 268-room property will be housed in an 11-story Greek revival building, the Hotel Monaco Philadelphia will feature a graduated building design from its predecessors, Gregory said. It is going to have more of a contemporary feel to it than Hotel Monaco travel map malaysia properties in other cities, he said.
The time was right to establish that timelier take in Philadelphia, Gregory said. Being located between New York and Washington, D.C. there is a logical presence that s needed for us here, so we can feed off the business from our sister properties in our sister cities.
travel map malaysia Philadelphia-based owner-operator Wurzak Hotel Group also saw an opportunity to expand its present in the market. The company is constructing the city s first Home2 Suites by Hilton with an opening scheduled travel map malaysia for the summer of 2013. And according to a news release , the 246-room property will be the largest Home2 Suites property to date.
Philadelphia-based Hersha Hospitality Management recently added to its portfolio an extended-stay property in the University City area of Philadelphia, home to the University of Pennsylvania and Drexel University.
The 136-room Homewood Suites by Hilton University City, which opened in May, (has) actually been a very smart addition to the supply, and it s been easy to absorb, said Mike Murray, COO of the management travel map malaysia company.
Gregory is confident the Hotel Monaco Philadelphia, which is geared more toward the leisure traveler, will perform well in terms of occupancy once it opens. The market does around 75% (occupancy). We ll probably come in a little under it, he said.
It never hurts that we get this intrinsic PR about the city that we couldn t plan The Phillies have been to the World Series twice (in recent years), the arts community has made lots of additions over the last year Those are just additives to all the other internal dynamics that are going on here. It s a perfect storm, he said.
We have a high percentage of women business travelers and they d seen this in other hotels, said Ron Balle, sales director of the Crowne Plaza Philadelphia West. The property s female guests suggested they would be interested in seeing the same luxury in Philadelphia.
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