Renaissance Hotel Opens In Allentown, Pennsylvania

Upscale Boutique Hotel Anchors $300 Million Development In Downtown Allentown

. January 26, 2015

Allentown, Pennsylvania - January 26, 2015 - Greenwood Hospitality Group today announced the opening of the new Renaissance Hotel, a centerpiece of the Center City Lehigh Valley development in downtown Allentown, PA. Greenwood principal Thomas Conran made the announcement.

Developed by City Center Investment Corp., the seven-story Renaissance Hotel is located adjacent to the PPL Center, a new 8,500 seat sports and events arena, in the heart of the City Center Lehigh Valley development. The historic Dime Bank has been transformed to serve as the lobby and the Renaissance offers 170 full-service guest rooms and suites. It also includes 11,000 square feet of meeting space, including a 4,100-square-foot ballroom that overlooks Center Square. A Club Room and a fully equipped health club are also among the hotel's amenities.

The Dime, an upscale restaurant and lounge, also sits on the campus and is located above the entrance to PPL Center. The Dime's unique design features a two-story ceiling, an open kitchen and floor-to-ceiling windows.

As one of the largest urban revitalization projects in the United States, Center City Lehigh Valley has transformed downtown Allentown, making it a regional hub for culture, business and metropolitan living. In addition to the Renaissance and the PPL Center the project also includes 170 new luxury apartments, 650,000 square feet of Class A office space and 100,000 square feet of upscale retail and restaurant space.

"Every great city has a great hotel and the opening of the Renaissance Allentown is a major milestone in the rebirth of downtown Allentown,” said J.B. Reilly, president of City Center Investment Corporation. "We look forward to the Renaissance Allentown bringing regional and national activity to our city. City Center appreciates the experienced guidance and high standards of Greenwood Hospitality Group in managing this first-class property.”

"The introduction of the Renaissance Allentown to the downtown ushers in a new era of hospitality for the region,” said Conran. "The upscale attributes of the property will enable us to attract a diverse clientele seeking an upscale experience in both amenities and service.”

About Greenwood Hospitality Group

Greenwood Hospitality Group is engaged in the acquisition, repositioning and management of upscale, full-service and select-service hotels throughout the United States. Greenwood's portfolio includes over 2,350 rooms and 1,900 employees and is based in Denver and with offices in Hartford, CT, Harrisburg, PA and Houston, TX. Greenwood includes industry veterans and principals Tom Conran, Aik Hong Tan, and Bill Kohl, who together have more than 125 years of industry investment and management experience. The company's vision is to set new excellence standards regarding the relationship it forges with its investors, property level associates, and the communities in which they work.

About Renaissance Hotels

Renaissance Hotels encourages guests to Live Life to Discover ℠ at more than 155 hotels in 35 countries around the world. Each hotel is unique and every stay offers an opportunity to explore local discoveries exclusive to the destination. At every hotel, Renaissance Navigators are local experts ready to assist guests in discovering local flavors and activities. Signature RLife LIVE entertainment events are designed to showcase emerging talent in music, the arts, culinary and more to inspire discovery. R.E.N. Meetings offers groups an experience beyond the traditional meeting rooted in creative sensory meeting design, RLife LIVE networking events and custom curated local Navigator excursions. At Renaissance Hotels, we work to ensure that every trip is transformed into an eye-opening, unforgettable journey. You spend your life working, you should discover the world as you go. To discover more visit www.renhotels.com.

About City Center Lehigh Valley

City Center Lehigh Valley is a major mixed-use development that is helping transform downtown Allentown, Pennsylvania into one of America's most vibrant urban communities and a regional center of excellence for business, culture and metropolitan living. With Allentown's future arena, PPL Center, at its core, City Center is developing three Class A office buildings, a full-service hotel, luxury apartments, upscale retail space and loft-style office space - an investment of more than $300 million - by early 2015. Over the next five years, City Center will invest a total of $500 million in downtown Allentown. Located in Pennsylvania's Neighborhood Improvement Zone, City Center is able to offer highly competitive lease terms to businesses that choose to help revitalize the Lehigh Valley's urban core. Visit citycenterlehighvalley.com to learn more.

Business Contact:

Paul Kesman
T: 248-321-2035
E: [email protected]

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