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The Pod Philly is the Pod Hotels brand's sixth location. Other locations pioneered by hoteliers Richard Born and Ira Drukier, include four existing Pod Hotels in Manhattan (developed by BD hotels) and the Pod DC in Washington, DC (developed by Modus Hotels).
"From the first time I walked the building, I was intent on acquiring this unique asset. I look forward to building on AMC's past success by enhancing the amenity offerings and driving future leasing," says Mark Meisner, principal of The Birch Group.
EverWest purchased the property and secured a long-term lease agreement with the laminating, coating and metallizing technology at the building located at 12 Daniel Road.
The firm plans to redevelop the property at 226 W. Jackson Blvd. into a dual-branded hotel, with a 135-room Hilton Garden Inn and a 214-room Canopy by Hilton.
The financing will help fund continued improvements at the 313-unit, 16-story Downtown Orlando multifamily property that also features 45,510 square feet of retail space anchored by a Publix supermarket.
Citing red flag concerns, PG&E will begin shutting off the power to communities in several stages today, depending on wind conditions, starting with counties in the northern part of the state.