2012 PROVES TO BE A BIG YEAR FOR PHILLY HOTELS

2012 PROVES TO BE A BIG YEAR FOR PHILLY HOTELS THANKS TO
RECORD OCCUPANCY, NEW PROPERTIES & MAJOR UPGRADES

Still To Come: Kimpton’s Hotel Monaco & Home2 Suites Philadelphia

PHILADELPHIA, August 6, 2012 – With hotel occupancy at record levels and revenues at an all-time high, Philadelphia is experiencing a hotel renaissance of sorts. In fact, during the first six months of 2012, Center City hotels enjoyed 75% occupancy, the highest of any year going back to 2000 (the first year data is available), and an average daily rate of $171, according to Smith Travel Research. 2012 also heralded the arrival of new properties—with the Hotel Monaco Philadelphia and Home2 Suites Philadelphia still on the way—major upgrades and top-to-bottom renovations. Here’s a look at what’s in store for 2012 and beyond:

Shiny & New:

·        Situated across from Independence Hall and the Liberty Bell, the Hotel Monaco Philadelphia debuts in October 2012 in the 11-story historic landmark Lafayette Building erected in 1906. The four-star boutique hotel will join Hotel Palomar as Kimpton’s second LEED-certified hotel in the city. Hotel Monaco features 268 sophisticated-yet-spirited guestrooms and suites and 13,000 square feet of flexible meeting space, including the stunning 3,300-square-foot Lafayette Ballroom. Guests can refresh and indulge in the chef-driven Red Owl Tavern and be whisked away to the rooftop lounge for cocktails and light bites. 5^th & Chestnut Streets, (855) 295-BELL, monaco-philadelphia.com

·        Opening in late summer 2013, the $60 million Home2 Suites Philadelphia will serve extended stay guests and traveling families with 248 guest suites complete with kitchenettes—all located just steps away from the Pennsylvania Convention Center. home2suites.com

·        On the leafy campus of University of Pennsylvania, the all-new Homewood Suites by Hilton^® University City offers direct access to the Ivy League school, along with nearby Drexel University, a bustling retail and restaurant district and major medical centers. Minutes from Center City, the hotel opened on May 1, 2012 and offers 136 studio and one-bedroom suites featuring separate living and sleeping areas and fully equipped kitchens. Wi-Fi is free.

4109 Walnut Street, (215) 382-1111, homewoodunivcity.com

·        Opened in March 2012, the $150 million Valley Forge Casino Resort includes two refurbished hotel towers and 486 guest rooms and suites in close proximity to the King of Prussia Mall, Valley Forge Convention Center and Valley Forge National Historical Park.

1160 1^st Avenue, King of Prussia, (610) 354-8118, vfcasino.com

Refurbishments & Renovations:

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