Philly.com posted an article suggesting that The Rittenhouse Hotel might be for sale. The potential buyer is Hersha Hospitality Trust, a self-advised Maryland Real Estate Investment Trust (REIT) that invests in institutional-grade, upscale hotels in downtown metropolitan areas in the Northeast. The majority of the 78 hotels in which it has ownership stakes are between Boston and Washington. The Rittenhouse Hotel is an 87-room, five-diamond luxury hotel that sits on a prime tract at 210 West Rittenhouse Square and houses some of the most sought after Rittenhouse Square condos – The Residences at the Rittenhouse Hotel. Rittenhouse Development Co. is the current owner of the property.
Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
CenterCityTeam.com: Philadelphia Real Estate