PHILADELPHIA, PA—Bethesda, MD-based RLJLodging Trust has sold the 364-room SheratonPhiladelphia Society Hill in Philadelphia, PA for $95.5million or approximately $262,000 per key to TheBuccini/Pollin Group, a Wilmington, DE-based real estateacquisition, development, and management firm. BPGsays PM Hotel Group, a hotel management companybased in Washington, DC, will manage the hotel.
“The Sheraton Society Hill is a remarkableasset in an unmatched location surrounded by numerous business andleisure demand generators, from the Liberty Bell and IndependenceHall to Fortune 500 companies like Comcast andAramark,” says Dave Pollin,co-founder, BPG. “We are in the advanced planningstages of a complete makeover of the hotel to upgrade the guestexperience. In addition to improving both guest rooms and publicspaces, we intend to change brand affiliations to better match andserve the surrounding community.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
