Quote:
Originally Posted by McBane
And correct me if I'm wrong but the corner property (Perch Pub) is being redeveloped by Dranoff/SLS group for a mid-tier hotel, right? I am also questioning hotel saturation. This hotel, Doubletree, and the potential mid-tier SLS are pretty much all the same level. I get that SLS is different and that Philadelphia has room for more 4-5 star hotels.
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What summers said. Also, these hotels are not at the same level. SLS is more than mid-tier, though maybe not top of the line luxury. Quite nice. It's above Hyde, the other Dranoff project you are thinking of at Pine, which is above Cambria. Cambria is not a luxury hotel. Even the Philly mag article from November on this correctly had 'upscale' in quotes. I would say Cambria is solidly a 3 star hotel. Nice, comfortable. But no great shakes. I think even the Times Square one, their nicest hotel, is formally rated as such by travel cites like Travelocity.