W Hotels Plans Hotel & Residences in Philadelphia
W Hotels announced today plans for a new W Hotel & Residences in downtown Philadelphia, scheduled to
WHITE PLAINS, NY, July 12, 2006. Starwood Hotels and Resorts Worldwide, Inc. (NYSE:HOT), W's parent company, entered into a management agreement with 1200 Arch Street Associates L.P. to develop the property. Starwood will manage the hotel as a W and license the residential units as W Residences.
Located in 'Center City' Philadelphia at the southwest corner of Arch Street and 12th Street, the W Philadelphia Hotel & Residences will be across the street from the Philadelphia Convention Center and the historical Reading Terminal Market (circa 1893), which houses 80 specialty food merchants and craftspeople. Center City itself contains 17 museums, dozens of art galleries, exceptional entertainment and an extensive theatre district, a plethora of critically acclaimed dining destinations and famed chefs, and a shoppers' haven of national brands, high-end retailers and privately owned boutiques.
The hotel will feature 250 luxurious guest rooms, including 26 suites, 3 'Wow' suites and 1 Extreme Wow suite. Guests will indulge in a 6,500 square foot Bliss Spa, a signature restaurant and bar with outdoor garden space and 11,000 square feet of meeting space with Sensory Set-Up to inspire Ben Franklin-style creativity in every meeting.
"Urban Residential is thrilled to be partnering with W Hotels and introducing this Starwood brand into the thriving Philadelphia market,' said Chris Martorella, CEO of Urban Residential. 'Philadelphia has been recognized as 'the next great city', and this venture is further proof that the city of brotherly love has arrived."
The project will also include 95 W Residences, offering owners a combination of one and two bedroom condominiums with all the benefits of being attached to a W Hotel, such as full use of the property's facilities, 24-hour room service, maid service and Whatever/Whenever concierge services. In addition to Philadelphia, W is currently developing Residences in South Beach, Las Vegas, Hoboken, Scottsdale, Hollywood, Phoenix and Fort Lauderdale.
W's signature Living Room experience will offer an irresistible escape where guests and locals can sink into oversized furniture with the morning paper and a cappuccino or socialize over cocktails and live DJs in a communal setting that morphs from day into night. Those looking to exercise their fashion sense - or simply exercise - the W Philadelphia will feature W Hotels the Store, W's trendsetting retail boutique, and SWEAT, an extensive fitness facility.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
