Originally Posted by summersm343
I am very excited about a W Hotel on the lot behind the Ritz Carlton! Seems like the perfect spot for it and I do believe it will happen!
Mahoney/Mariner sold that site, right? I hope. Anyone know who bought it? I think the probability of this project happening depends alot on the credibility of the developer. If the developer is a small time no name local group (eg, Mahoney, or the guy who was pushing the International Commerce Center or the folks behind the World Trade Center), I'd have to agree with WG5. Such a people would never be able to pull a deal of this type off. I doubt a Craig Spencer type could either. But if the developer is a bonafide group - like Starwood itself or another relatively deep-pocketed corporate name, then I could see it as a possibility. The thing is, those types of developers seem generally to avoid Philly.
Presumably such a deal would depend heavily on local subsidies and tax breaks which would piss off the competition to no end and likely trigger law suits of one type or another. Could end up being a pretty acrimonious affair.
All the same, it's probably the best remaining location in town for such a concept. I hope it works.