Philadelphia Most Definitely Not Getting a Waldorf-Astoria
October 6, 2010 at 11:32 AM
Much like the dream for a W Philadelphia, the hope for a Waldorf-Astoria Collection hotel in the City of Brotherly Love has flatlined. The lot that was supposed to hold the five-star condo hotel with high-end retail shops was just sold in an auction sale yesterday for $12 million. The new owner has not revealed their plans for the property but whatever happens on it, won't happen for a long time.
Meanwhile on the West Coast, another long-vacant lot has a happier ending. The abandoned Robinsons-May department store next to the Beverly Hilton Hotel has been sold again and the new investors, unlike the old ones--the flashy Candy brothers, are planning to make this spot hotel-free.
Coincidentally, the new owners actually own the Beverly Hilton as well so while they won't "compete with themselves" you can certainly bet there will be some cross-promotion going on, especially with the high-end restaurants and shops open that are expected to open.
We're actually very excited about this new development. That abandoned lot has long been an eyesore at the BevHilton and now it looks like guests will have some great shopping nearby, without having to cross the perilous Wilshire-Santa Monica intersection.