News for the Hospitality Executive
PHILADELPHIA, August 1, 2012 - Campus Apartments, a national leader in the development and management of university-affiliated real estate, announces the completion of its first hotel development, Homewood Suites by Hilton® - University City. Located at 4109 Walnut Street in Philadelphia’s University City District, the upscale extended-stay hotel caters to the needs of the professionals, patients, families and other out-of-town visitors who require longer-term accommodations in close proximity to the many academic and medical facilities in the area. To celebrate the hotel’s completion, Mayor Michael A. Nutter will join Campus Apartments’ executive leaders today for an official grand opening ceremony.
Campus Apartments broke ground on the project in December 2010 after recognizing the growing demand for extended-stay accommodations in University City. “Throughout our 50-year history, we’ve maintained a commitment to meet the needs of each community, and there’s no better example of that than our home base,” said David Adelman, CEO of Campus Apartments. “As University City blossomed into one of the nation’s premier hubs for science, education and innovation, we’ve continually provided the right residential offerings to support the burgeoning community. The hotel serves to solve the area’s unique extended-stay accommodation needs – ultimately, contributing to the continued commercial development of University City.”
The 110,000-square-foot hotel offers 136 suites averaging approximately 500 square feet each, featuring full kitchens, dining tables and separate work areas with phone and complimentary Internet access. Additional amenities include a complimentary shuttle service throughout University City, a state-of-the-art fitness center, indoor swimming pool and whirlpool, 24-hour Suite Shop, business center and approximately 800 square feet of flexible meeting space. The hotel also offers complimentary meals for guests, including full, hot breakfast daily and evening dinner and drinks* Monday through Thursday.
“The Homewood Suites brand is an ideal fit for this hotel and its position in the Philadelphia market,” stated Bill Duncan, Global Head of Homewood Suites by Hilton. “By providing a residential-style atmosphere for guests, this hotel will allow visitors to feel the comfort, convenience and privacy of a home away from home.”
With the development of Homewood Suites - University City, Campus Apartments is filling a void in the hospitality marketplace that will benefit the visitors of neighboring academic and healthcare institutions, including the University of Pennsylvania, Penn Medicine and The Children’s Hospital of Philadelphia, among others. Madeline Bell, President and Chief Operating Officer of The Children's Hospital of Philadelphia, said, “The new Homewood Suites will provide our patients’ families and faculty recruits with much-needed access to affordable short- and long-term housing.”
The approximately $50 million project was jointly financed through the Commonwealth of Pennsylvania under the Honorable Thomas W. Corbett, the City of Philadelphia under the Honorable Michael A. Nutter, the Philadelphia Industrial Development Corporation (PIDC), The Reinvestment Fund (TRF), U.S. Bank and Beneficial Bank. To meet LEED®certification standards and reduce energy consumption by 25 percent, the hotel’s design includes several energy-efficient elements, such as a green roof, low-flow fixtures and ENERGY STAR®-compliant appliances. Mayor Michael A. Nutter said, “By developing a LEED-certified project, Campus Apartments is investing in the city for the long-term – both environmentally and economically. The company continues to support University City by not only attracting people to local businesses, but also serving as a local leader in environmental responsibility.”
The hotel is the first part of a multi-phased redevelopment plan for the 4109 Walnut Street property, with Phase II of the project currently in the planning stage. Campus Apartments’ hotel development team included Alesker & Dundon Architects LLC, general contractor L.F. Driscoll Co. and interior designer Floss Barber, Inc.
About Campus Apartments
Campus Apartments, LLC, the oldest and one of the largest privately held student housing companies in the nation, is a leader in the development and management of university-affiliated real estate. The company has more than $1.5 billion worth of assets under management with more than 32,000 beds in 25 states. For more information on Campus Apartments, please visit www.campusapts.com.
About Homewood Suites by Hilton
Launched in 1989, the Homewood Suites by Hilton brand today has more than 300 hotels open with approximately 80 in the development pipeline. Beyond its spacious suites and home-like amenities, additional guest features include an on-site Suite Shop convenience store, complimentary grocery shopping services**, a complete business center, and laundry services at most locations. For more information, please visit www.homewoodsuites.com.
About Hilton Worldwide
Hilton Worldwide is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For 93 years, Hilton Worldwide has offered business and leisure travelers the finest in accommodations, service, amenities and value. The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Its brands are comprised of more than 3,800 hotels and timeshare properties, with 630,000 rooms in 91 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward program Hilton HHonors®. Visit www.hiltonworldwide.com for more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide and www.linkedin.com/company/hilton-worldwide.
* Service of alcohol subject to state and local laws. Must be of legal drinking age.
**Guest pays for groceries. Other restrictions apply.
Laura Van De Pette