Dranoff Properties, sbe To Construct Hotel and Residences Tower
Wednesday December 18th, 2013 - 11:46AM AGK
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PHILADELPHIA—sbe and Dranoff Properties plan to construct the SLS International Hotel and Residences located here in Center City and directly across from the Kimmel Center for the Performing Arts on Broad Street. Architecture firm Kohn Pedersen Fox Associated is designing the planned 47-story tower.
The SLS International Hotel & Residences will add 150 boutique hotel rooms to the city and will offer 125 luxury condominiums for sale. Reflective of the SLS and Dranoff Properties brands, the property will offer hotel guests and residents alike amenities including a full spa, fitness center, pool and ballroom/meeting facilities. sbe's food and beverage brands, such as The Bazaar by Jose Andres, Katsuya by Starck and Hyde Lounge, are being considered for Philadelphia as well.
"Philadelphia has captured the attention of a global audience of business and leisure travelers, and working with an icon in Carl Dranoff and his team gives us an opportunity to partner with one of the industry's foremost developers," stated sbe Founder, Chairman and CEO Sam Nazarian. "The SLS Hotels brand has resonated powerfully in Los Angeles, Miami, Las Vegas, New York and China and we're looking forward to sharing our approach to hospitality with a community as culturally vibrant and dynamic as Philadelphia's."
Tags: Dranoff Properties • sbe • Hospitality • Amenities • Construction/Renovation • F+B •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.