Rockville, Md., (November 2, 2015) – Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest hotel companies, announced it has signed an agreement with franchise partner Pearl Properties, a Philadelphia-based full service investment real estate company, to develop a new Cambria hotel & suites in Philadelphia, PA. The 206-room Cambria property will be located at 219-225 S. Broad Street (N.E. Corner of Broad & Locust Streets) along the Avenue of The Arts, and is expected to open in 2017. This world-class location is in the heart of Center City Philadelphia, steps from an array of dining and entertainment options, as well as numerous cultural and historic sites. The hotel will be operated by Concord Hospitality Enterprises Company, one of the nation’s leading lodging management companies.
“This is a milestone for the Cambria brand as we continue to fuel our expansion in the upscale segment and focus on a culture of exceptional service,” says Michael Murphy, senior vice president, upscale brands, Choice Hotels International. “To us, it’s not only about building great properties but also building a brand promise that we can deliver to all guests that makes every guest feel like a VIP.”
Pearl Properties (“Pearl”) has extensive development experience in Center City Philadelphia. Notable projects completed by Pearl include The Granary Apartments, The Sansom and 1700 Chestnut. Pearl owns several marquee properties in its Center City portfolio, including 1401 Walnut located in the heart of the Avenue of The Arts.
Designed as a business travel and leisure brand, all Cambria hotels 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.
Like all Cambria hotels & suites, the Center City Philadelphia property will feature 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. This property will also boast a first-class restaurant on the ground floor.
About the Developer
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.
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.
About Cambria hotels & suites
Cambria hotels & suites makes business travel easier—and more fun—than ever before. Offering modern décor, rooms that feel like an upgrade, and fresh, local cuisine at our Social Circle™ restaurant, Cambria makes every guest feel like a VIP. There are currently 25 properties open across the country and 30 under development in the U.S. and Canada. To learn more, visit www.cambriahotelsandsuites.com.
About Choice Hotels
Choice Hotels International, Inc.® (NYSE: CHH) is one of the world’s largest lodging companies. With more than 6,300 hotels franchised in more than 35 countries and territories, we represent more than 500,000 rooms around the globe. As of June 30, 2015, 613 hotels were in our development pipeline. Our company’s Ascend Hotel Collection®, Cambria® hotels & suites, Comfort Inn®, Comfort Suites®, Sleep Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge® and Rodeway Inn® brands provide a spectrum of lodging choices to meet guests’ needs. With more than 24 million members and counting, check out our Choice Privileges® rewards program to see how you can reap the benefits of being a member of the Choice Hotels® family. All hotels are individually owned and operated. Visit us at www.choicehotels.com for more information.
© 2015. Choice Hotels International, Inc. All Rights Reserved.
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