In a hotel game of musical chairs, the Four Seasons Hotel
at One Logan Square in Philadelphia will close in early June and undergo
millions of dollars in renovations so that it can reopen as a new luxury hotel
in the fall, Host Hotels & Resorts Inc. said on Monday.
The new brand was not disclosed on Monday and was still
under development. Host, the hotel's owner, has hired Sage Hospitality of
Denver to manage the transition to a new luxury brand for the hotel.
Sage manages the Eilan Hotel Resort and Spa in San
Antonio, The Nines in Portland, Ore., Oxford Hotel in Denver, and about 60
other hotels.
The Philadelphia hotel will be Sage's first here and part
of its premier and lifestyle division.
The Four Seasons days at One Logan Square on the Benjamin
Franklin Parkway were numbered when Comcast Corp. announced in January that it
would build a new skyscraper tower near its headquarters. As part of the
$1.2-billion project, the Four Seasons Hotel would relocate to the top of the
new Comcast tower.
Contractors poured the ten-foot-thick 15-million pound
concrete foundation mat for the skyscraper on Saturday. The new tower is
expected to open in early 2018.
Walter Isenberg, chief executive officer and president of
Sage Hospitality, said that the Four Seasons in Philadelphia "has earned a
spot as one of the city's most important hospitality assets. While honoring the
properties past, we will make it relevant to today's traveler as a modern
luxury hotel. We are excited to be joining the Philadelphia community and look
forward to introducing a new restaurant concept from our Sage Restaurant
Group."
Sage intends to retain as many Four Seasons employees as
possible, Isenberg said.
Source: Philly.com
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