To accommodate the recent expansion of the Pennsylvania Convention Center in Center City Philadelphia, a new Home2 Suites by Hilton hotel will be built across the street from it, local media reported last week.
Being built with a combination of public and private funds, the $60 million hotel will feature 246 guest rooms and an 860-space parking garage, as well as 9,750 square feet of retail space and 2,000 square feet of meeting space.
"Every hotel helps us meet demand, not just for the convention center," said Philadelphia Mayor Michael Nutter, according to The Philadelphia Inquirer. "Every hotel creates economic activity. They create jobs."
Scheduled to open in summer 2013, the new hotel will be the first ground-up hotel to be built in Philadelphia since 2000. According to Nutter and Philadelphia CVB CEO and President Jack Ferguson, the city needs at least 1,000 additional hotel rooms on top of its existing 10,700 in order to meet increasing demand from convention organizers.