Morning Headlines: New Luxury Hotel to Replace Four Seasons After Renovation
Rendering of the Comcast Innovation and Technology Center interior.
The Inquirer’s Bob Fernandez reports the Four Seasons Hotel, set to move to the Comcast Innovation and Technology Center when it’s completed in 2018, will shut its doors at One Logan Square this June. Following an extensive renovation, its former site will reopen under a yet to be named luxury hotel (although whispers of a Marriott have been circulating.)
Sage Hospitality, Fernandez adds, will be in charge of the transition and intends to keep as many Four Seasons employees as possible:
Walter Isenberg, chief executive officer and president of Sage Hospitality, said that the Four Seasons in Philadelphia “has earned a spot as one of the city’s most important hospitality assets. While honoring the property’s past, we will make it relevant to today’s traveler as a modern luxury hotel. We are excited to be joining the Philadelphia community and look forward to introducing a new restaurant concept from our Sage Restaurant Group.”
Sage intends to retain as many Four Seasons employees as possible, Isenberg said.
• Four Seasons to close for renovations in June [Inquirer]
In other news…
• Tampering with zoning code led to controversy over Germantown shelter [PlanPhilly]
• A North Philly Building’s Direct Connection To The Past [Hidden City]
• Rowan breaks ground on new $63M business school with goal of doubling enrollment [Business Journal]
• Will Mortgage Rates Fall in 2015? [RealtyTrac]
• ‘Property Brothers’ casting in NJ [Philly.com]
