Choice Hotels International Brings Cambria hotels & suites to Philadelphia's Avenue of the Arts
Unveils Original Work by Local Artist
Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, joined Pearl Properties and Concord Hospitality Enterprises Company for the groundbreaking of a newCambria hotel & suites in Philadelphia, Pa., today. Located at 219-225 S. Broad Street at the intersection of Broad & Locust Streets, the 222-room, 14-story Cambria Philadelphia is set to open in 2017.
ROCKVILLE, Md. -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, joined Pearl Properties and Concord Hospitality Enterprises Company for the groundbreaking of a newCambria hotel & suites in Philadelphia, Pa., today. Located at 219-225 S. Broad Street at the intersection of Broad & Locust Streets, the 222-room, 14-story Cambria Philadelphia is set to open in 2017.
Located in the heart of Center City along the Avenue of The Arts, the new Cambria Philadelphia will be steps from world-class dining and entertainment, numerous cultural and historic sites, as well as several Fortune 1000 companies, including AmerisourceBergen, Aramark and Comcast. It is also just a few miles up Broad Street from Lincoln Financial Field, Wells Fargo Center and Citizens Bank Park.
To commemorate the event, brand representatives, key local dignitaries and guests celebrated with the unveiling of a commissioned illustration by local artist Hawk Krall at the site of the new hotel. Featured speakers included Choice Hotels President and CEO Steve Joyce; Choice Hotels Senior Vice President of Upscale Brands Janis Cannon; Founder and President of Pearl Properties Jim Pearlstein; President and CEO of the Greater Philadelphia Chamber of Commerce Rob Wonderling; and President and CEO of Visit Philadelphia Meryl Levitz, who all discussed the impact of this new hotel on the growth and appeal of the city of Philadelphia to business and leisure travelers.
"In a city full of rich history and tradition, Philadelphia is an ideal next stop in our expansion of the Cambria hotels & suites brand," said Steve Joyce. "With more and more visitors coming to Philadelphia each year, our newest Cambrialocation will be at the epicenter of music, art and performance in the city, as well as a convenient new offering for the area's largest businesses."
The flagship Cambria hotel & suites Philadelphia will boast a first-class restaurant on the ground floor, 2,500 square feet of fully-appointed meeting space, a mobile business center, 2,500- square-foot pool area, 2,000-square-foot fitness center, and 3,000-square-foot rooftop area used for private events. Built by Pearl Properties, the building was designed by DAS Architects, Inc., of Philadelphia and will be managed by Concord Hospitality Enterprises.
"We could not be more excited to partner with Cambria hotels & suites and build our first hotel in our own backyard of Philadelphia," said Jim Pearlstein. "This Broad Street location sits right in the middle of the city along the Avenue of The Arts and offers travelers every option imaginable as they experience Philadelphia for business or pleasure."
A commissioned illustration by local artist Hawk Krall was unveiled at the groundbreaking. Krall is a Philadelphia artist and illustrator specializing in food, humor and eclectic street scenes. He is known for the world's largest pizza mural at Pizza Brain in Philadelphia and currently working on a monthly illustrated column for Saveur, along with work for magazines and restaurants all over the world.
Like all Cambria hotels in key urban markets, the property will feature local art and other fine amenities such as a contemporary bistro, Social Circle™, serving a menu of local specialties created by Chef Michael DeMaria; liquor, wine, beer and freshly prepared grab-and-go gourmet salads and sandwiches; and a barista bar.
Designed as a business travel and leisure brand, all Cambria hotels & suites feature a larger lobby to give guests a more social atmosphere; oversized rooms with flexible spaces; and the latest technology that allows guests to stay connected while they travel.
About Pearl Properties
Pearl Properties, LLC (Pearl) is a full service real estate company engaged in the development, acquisition and management of mixed use properties throughout the Philadelphia Metropolitan area. With expertise in development, construction, acquisitions, property leasing, physical property management and asset management, Pearl has assembled a portfolio of mixed use assets in irreplaceable locations. To learn more, visit www.pearl-properties.com.
About Concord Hospitality Enterprises Company
Concord Hospitality is a Raleigh, N.C., based hotel management and development company that owns and/or manages over 80 hotels with nearly 12,000 guest rooms in 20 states and two Canadian provinces. The company operates hotels and resorts under leading brand affiliations including Choice Hotels, Hilton, Hyatt, InterContinental Hotels Group, Marriott and Starwood. To learn more, visit www.concordhotels.com.
© 2016. Choice Hotels International, Inc. All Rights Reserved.
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world, with more than 7,500 hotels representing nearly 650,000 rooms in 46 countries and territories. Its portfolio of 22 brands includes full-service upper upscale, midscale, extended stay, and economy properties. For more information, visit choicehotels.com.
Forward-Looking Statements
This communication includes "forward-looking statements" about future events, including anticipated development and hotel openings. Such statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing and the other "Risk Factors" described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, any of which could cause actual results to be materially different from our expectations.
Addendum
This is not an offering. No offer or sale of a franchise will be made except by a Franchise Disclosure Document first filed and registered with applicable state authorities. A copy of the Franchise Disclosure Document can be obtained through contacting Choice Hotels International at 915 Meeting St Ste 600, North Bethesda, MD 20852, email: [email protected].
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