Pearl Properties is scheduled to officially break ground
June 8 on its latest project, a 14-story boutique hotel on South Broad Street
in Philadelphia.
The Cambria Hotel and Suites at 219-225 S. Broad St. will
have 222 rooms. It will also have 2,500 square feet of meeting space, a
business center, a 2,500-square-foot pool area, a fitness center and a 3,000
square foot rooftop lounge.
The Philadelphia developer will construct the hotel on a
site where a run-down garage stood. The garage had been closed for years after
being cited for several L&I violations.
Cambria is a hotel franchise established by Choice Hotels
International Inc. (NYSE: CHH) of Rockville, Md., which also operates the
Comfort Inn and Rodeway Inn.
The Cambria brand targets business travelers and there
are 25 of these hotels now open and another 30 in development.
The Philadelphia hotel is expected to open next year and
will be operated by Concord Hospitality Enterprises Co.
Source: Philadelphia
Business Journal
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