PHILADELPHIA—The former Hyatt Regency Hotel at Penn's Landing reopened on Thursday as the Hilton Philadelphia at Penn's Landing.

The re-flagging of the 348-room hotel was announced by McLean, VA-based Hilton Hotels & Resorts. The hotel is operated by Pyramid Hotel Group of Boston under a franchise license agreement with a subsidiary of Hilton Worldwide. The property is owned by Philadelphia-based Keating.

“Hilton continues to grow in the City of Brotherly Love and is proud to welcome Hilton Philadelphia at Penn's Landing to our growing portfolio of more than 550 hotels worldwide,” said Rob Palleschi, global head, full service brands, Hilton Worldwide. “With breathtaking views, modern amenities and large meeting and event spaces, this property provides the style, comfort and convenience that today's traveler desires.”

Hilton Philadelphia at Penn's Landing has 11 suites, a 24-hour business center and 24,000 square feet of meeting space located across two floors. Its Grand Ballroom features 17-foot floor-to-ceiling windows and overlooks the Delaware River, while its Columbus Ballroom overlooks Columbus Park and Marina. The hotel also features a state-of-the-art fitness center and an array of dining options including Keating's River Bar & Grill.

“The team has been eagerly anticipating the opening of Hilton Philadelphia at Penn's Landing,” says Jim Dina, chief operating officer, Pyramid Hotel Group. “Our dedicated associates look forward to making visitors to Philadelphia feel at home by greeting them with the world-renowned hospitality that is synonymous with Hilton Hotels & Resorts.”

“As the owner/developer of this stellar property, I couldn't be more proud to partner with Hilton Hotels and Resorts as well as The Pyramid Hotel Group,” adds Daniel J. Keating III, principal of Keating, Philadelphia, PA. “I'm thrilled to be in the company of these well-respected and highly-acclaimed global organizations. It's an exciting time to be in the hospitality industry here in the City of Brotherly Love. With much-anticipated, large-scale, benchmark events taking place here throughout 2016, such as the upcoming Papal Visit and Democratic National Convention, all eyes will be on our great city and our fine hotels."