Liberty Title & Trust Building, 101 North Broad Street, Philadelphia, PA

PHILADELPHIA—CBRE has arranged a joint venture between Realen Properties of Berwyn, PA and HRI Properties, a New Orleans developer that specializes in renovating historic sites, to convert the Liberty Title & Trust building at 101 N. Broad St. into a hotel.

CBRE's Michael Kane and CBRE Hotel Group's Lewis Miller and Doug Henkel represented Realen Properties during the joint venture.

Built in 1916, the now vacant 181,000 square-foot building will be converted into a 179-room hotel by Starwood Hotels & Resorts.

“This transition is a win-win for all parties involved, as the newly formed joint venture between HRI and Realen will take a historically and architecturally significant but vacant building and transform it into a vibrant hotel catering to the close proximity of the convention center, business and museum districts and a prominent corner in downtown Philadelphia,” says Michael Kane, senior vice president, CBRE.

The complete renovation of the building into a hotel, which will also include complimentary retail on the ground floor, is expected to be completed by the end of 2017.

CBRE's Michael Kane and CBRE Hotel Group's Lewis Miller and Doug Henkel represented Realen Properties during the joint venture.

Built in 1916, the now vacant 181,000 square-foot building will be converted into a 179-room hotel by Starwood Hotels & Resorts.

The complete renovation of the building into a hotel, which will also include complimentary retail on the ground floor, is expected to be completed by the end of 2017.

Instant Insights /

CBRE Arranges JV to Convert Liberty Title & Trust Building into Hotel

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