Thursday, April 19, 2012

Two Office Buildings to Become 150 Room Hotel

The Biddle building at 1217 Sansom St. and the Bailey building at 1218 Chestnut St. in Center City will be transformed into Hotel Indigo, said Michael H. Sonnabend of PMZ Realty Capital, which is arranging the financing for the project.

The full-service boutique hotel will be managed by InterContinental Hotels, the parent company of Holiday Inn, Holiday Inn Express, Candlewood Suites, Staybridge Suites, Crowne Plaza and, of course, Hotel Indigo.

The eight-story Biddle building comprises 40,000 square feet and the 10-story Bailey building has 101,000 square feet.

Construction will cost an estimated $50 million and is expected to commence sometime this summer.