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Hotel Financing Latest News: Renovated Philadelphia Marriott Old City

Hotel FinancingThe recent opening of the newly renovated and reimagined Philadelphia Marriott Old City highlights the importance of the right hotel financing solutions for hospitality companies throughout the United States. This property now boasts 364 rooms and 17,000 square feet of meeting space, which sets it apart in the Philadelphia hospitality marketplace. Here are some of the most exclusive features of the newly rebranded Philadelphia Marriott Old City hotel.

Exclusive Spaces

Along with the increased amount of meeting room space created during the renovation, the Philadelphia Marriott Old City also incorporates a Great Room for entertaining, the elegant M Club Lounge and 17 dedicated event rooms. These spaces are ideally suited for meetings of all sizes and are available for weddings and other gala events. According to the interior design team who worked on the Old City project, the patterns and textures featured inside the building were inspired by the warehouses that surround the area and the artisanal qualities of the designs created by manufacturers and craftsmen in this part of Philadelphia.

A Change in Direction

The property now known as the Philadelphia Marriott Old City was previously operated under the Sheraton Society Hill label. The change in name and appearance is designed to expand the options available to guests and to transform the interior spaces of this exclusive hotel into a more practical solution for the needs of modern businesses and travelers. By upgrading the business center and expanding the meeting spaces available for guests and corporate clients, the Philadelphia Marriott Old City will be able to achieve greater visibility while setting itself apart from other lodging options in the City of Brotherly Love.

The Importance of Hotel Loans

Hotel financing is critical to projects like the one just completed for the Philadelphia Marriott Old Town and many other hotels across the U.S. Finding the right solutions for funding is essential to promote the highest profitability and the best outcomes for these construction projects. By working with a firm that specializes in funding for the hospitality industry, companies will typically secure the hotel loans they need on terms they can afford.

Stonehill offers hotel construction financing and other hotel financing options designed to help companies in the hospitality industry to achieve greater profitability and to provide great service to guests. Our team will work with you to determine the most practical and cost-effective solutions for your current and future financing needs. Give us a call today at 713-666-2544 to discuss your requirements with our expert consultants. At Stonehill, we are here to deliver the most innovative and effective solutions for all your hospitality finance needs.