Hilton Garden Inn Philadelphia Center City
Hilton Garden Inn Philadelphia Center City
HREC Investment Advisors is pleased to offer for sale the fee simple interest in the Hilton Garden Inn Philadelphia Center City (“Property” or “Hotel”). The 279-room Hilton Garden Inn was constructed in 1999 as part of a mixed-use project and is located at 1100 Arch Street, Philadelphia, abutting the iconic Reading Terminal.
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FL License #: BK3053127
- Property Type
- Hotel & Hospitality
- Deal Type
- Acquisition
- Risk Profile
- CoreCore Plus
Here is the Hilton.com Website: Hilton Garden Inn Philadelphia Center City, PA Hotel
For an aerial tour of the subject neighborhood, click here. Video Gallery - Hilton Garden Inn Philadelphia Center City (visitingmedia.com).
The hotel has a non-prototypical design as it consists of a first-floor/street-level lobby which is separated from the four guestroom/amenity floors by five levels of public parking.
Philadelphia holds a singular place in American history and remains one of the most important metropolitan areas in the Mid-Atlantic region and a key component of the “Northeast Megalopolis.”
Greater Philly has a highly diversified economy that is firmly rooted in tourism/leisure, higher education, medical/health, business and industry, and more recently life sciences and venture capital, among other sectors.
The Hotel is situated within the heart of the Center City District of Philadelphia and, as such, is within easy walking distance of all major downtown demand generators – the convention center, tourism/leisure attractions, corporate offices, hospitals, universities, et al.
As per CoStar/STR, the Property is part of the Philadelphia “Market” and of the “Philadelphia CBD” Submarket. The mix of business for many downtown hotels is about 1/3 leisure, 1/3 groups, and 1/3 transient commercial.
On TripAdvisor, the Hotel gets a 4.0 rating from guests and is ranked #55 of 99 hotels located in Philadelphia – which speaks to the need for thoughtful renovation and dedicated ownership.