Boutique Hotels in Philadelphia

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Pomerantz Building
$7,900,000
Sale
Pomerantz Building Image

This is a building ready to be developed with permits to build a Hotel . Or bring your imagination to build high end condominiums.

Property is a 7 plus story building ( air rights in place with possibility to add more floors to the building) with NEW ELECTRIC, NEW PLUMBING AND ALL OPEN SPACES READY TO BE DEVELOPED.

LESS THAN FOUR BLOCKS FROM RITTENHOUSE SQUARE, close to many well known stores, walking distance to public transportation and tons of exposure to foot traffic.

  • PERFECT FOR A BOUTIQUE HOTEL or HIGH END CONDOMINIUMS.
  • GREAT VIEW.
  • LESS THAN FOUR BLOCKS TO RITTENHOUSE.
  • TONS OF FOOT TRAFFIC.
  • MAGNIFICENT FRONT DESIGN WITH TONS OF NATURAL LIGHT COMING IN.
  • ZONING APPROVED TO BUILD A HOTEL AND BAR/CLUB ON ROOF TOP.

Detail Description

Price$7,900,000
Property TypeOffice
Building ClassB
Sale TypeInvestment
Lot Size0.09 AC
Rentable Building Area25,000 SF
Rentable Building Area25,000 SF
Sale ConditionsBuilding in Shell Condition
No. Stories7
Year Built1962
TenancyMultiple
Zoning DescriptionCMX5, Phildaelphia
APN / Parcel ID882020870
Walk Score ®100 (Walker’s Paradise)
Transit Score ®100 (Rider’s Paradise)

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Sale
Pomerantz Building Image
Pomerantz Building
This is a building ready to be developed with permits to build a Hotel . Or bring your imagination to build high end condominiums. ... Read More
$7,900,000

Boutique Hotels in Philadelphia

The concept of Boutique Hotel is a relatively new concept for hotels born in the 1980s which broke paradigms of major chains of hotels. Basically, it is about offering a high quality accommodation service while making you feel as if you were at your own home at the same time. The main purpose of a Boutique Hotel is to provide a personalized service and a concept related to some special trend or style or to some special place. Philadelphia is a vibrant city provided with a mix of urban and historic trends and an important cultural heritage. This feature has contributed to boost the building and renovation of Boutique Hotels in this city, which counts with a diverse set of Boutique Hotels to offer to those who prefer to travel in style.

From a traditional but cozy place built in 1787 as the Morris Hotel House to an eclectic and modern space as the Hotel Monaco, Philadelphia offers many different options for travellers and tourists that constantly visit this incredible city. Many of these hotels with their smart facade make the visitors feel like they are being transported to other environment, far away from the bustling city, into a completely friendly ambiance. As you enter into the hotel you are welcomed into the coziness of the reception area, and pace yourself into the fireplace and warm sitting room, where there can be offerings of drinks for both children and adults alike.

The concept of psychographics is slowly developing in the boutique hotels in Philadelphia since it started its operations around twenty years back, shifting from the standard hotels to international level. Psychographics is used as an explanation for the customers of their nature and attributes like their aspirations, interests, beliefs and attitudes instead of mere location. This hypothesis in the concept of boutique hotels greatly helps these hotels to serve their visitors. Especially in Philadelphia, these boutique hotels are able to get themselves a position in their territory between luxury and four-star, commercial and leisure and share many of the traits that make the segments hotels.

Boutique Hotels offer interesting things you would want to get involved in, such as pubs, bars, thrilling nightlife and serene views, where you are provided with the most amazing experiences. Philadelphia have truly evolved over all these years with leisure still remaining as a staple source for many of the local business, especially in the light of increasing trends and short breaks. These boutique hotels particularly have become a most leisured choice for young travelers who are sorting for different experiences instead of a commodity.

As vocation for leisure or entertainment evolved over all these years, Boutique Hotels in Philadelphia are also gearing for the same catering to the rising trend of short city breaks for the city lovers and also for the business entrepreneurs. Though this category tends to not to have so much of arrangements for meetings, some hotels do have the provision of small meeting rooms, particularly hotels with more than 180 rooms, which also house different business events.

Philadelphia has the greatest standard of leisure and highest sense of hospitality that can make your trip experience really special. You don’t need to worry about budget neither, since the varying nature of boutique hotels services make them an option that can adjust to different budgets. As many of these hotels lie in the vicinity of the scenic area, these elegant boutique hotels make the perfect accommodation choice for any kind of trip, or just to have a short brake.

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Boutique Hotels in Philadelphia

The hotel industry in the US has become a very profitable business in the last year since the key performance metrics, occupancy, average daily rate and revenue per available room, have shown a positive and important increase in March 2018. Moreover, in the last quarter of 2017 the housing industry expanded by 3.8 per cent, the greatest margin of growth since 2014.

These numbers represent promising investment opportunities in the Boutique Hotel industry, which could provide favorable rates of return in short periods of time, as long as the business keeps growing as it has happened in the last months.

Furthermore, Philadelphia has an increasing number of local and international visitors, so this is a sign that this rates can only grow with time. Investing in the right areas and in the right properties is the key to determine long term values and rates of return, but the tendency for this numbers is to continually grow.

Zoning for Apartment Buildings in Philadelphia

Philadelphia government has updated zoning regulations and online accessibility to historic records, but there are still some restrictions that must be taking into consideration to facilitate boutique hotel project development. Use registration permits are needed if you wish to change the use of a property, modify the height or floor areas, and the use of the correct signage. To proceed with building projects, a zoning permit must be issued including a registration permit approving the use of a property.

New construction, building an extension to an existing construction, creating or subdividing a lot, construction of fences, full or partial demolition of structures, and modified parking areas will require approved zone permits before developing the project.

If you fail to receive zoning approval, an appeal can be made to the Zoning Board of Adjustment. Zoning permits and use registration permits can be obtained from the Department of Licenses and Inspection, located on the ground floor of the Municipal Services Building.

Ricardo Silva Boutique Hotels Sector in Philadelphia

Ricardo Silva has many years of successful experience in the hospitality industry. He is committed to deliver the best assistance to boutique hotels investor to increase and maximize the value of their assets. Hotel industry requires a great market research before an investment is done. In this regard, it is essential to select the best adviser to guarantee the best results and returns. Ricardo’s expertise in the industry and knowledge and love for the city of Philadelphia is the perfect combination to provide objective and effective assistance to enhance your boutique hotel investment.