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The removal of the uninhabitable One Meridian Plaza from the real estate market and the sudden relocation of the building's tenants to other offices in Philadelphia took 1.5 million square feet (140,000 m 2) of real estate off the market. The city's office vacancy rate was 14.3 percent at the end of 1990; in the two months after the fire, the ...
The chain grew to 10 hotels in Europe and Africa within two years and had 21 hotels spanning the globe within six years. In 1994, as part of a cost-cutting measure, Air France sold its controlling interest in Meridien Hotels Inc., a 57.3% stake, to the UK-based Forte Group for $207 million. [4] Meridien Hotels numbered 58 properties at the time.
The East Center City Commercial Historic District is a national historic district located in the Washington Square neighborhood of Philadelphia, Pennsylvania.It encompasses 287 contributing structures, including large and small commercial buildings, banks, hotels, newspapers, clubs, and restaurants.
Designed by the Philadelphia Fire Department, the memorial is located by the building's entrance and contains the firefighters' names on plaques. [17] [21] The Philadelphia Inquirer architecture critic Inga Saffron says the glass skyscraper is a "shocking" contrast next to the white marble of the Ritz-Carlton Hotel. Saffron said she liked the ...
The W Philadelphia and Element Philadelphia is a 51-story skyscraper in the Center City neighborhood of Philadelphia, Pennsylvania. The building contains two hotels, the Element Philadelphia, a brand by Westin Hotels , and the W Philadelphia, a brand of W Hotels , both of which are subsidiaries of Marriot International .
In 1987, the company sold its retail lumber business to Handy Andy Home Improvement Center. [3] In 2011, the company sold a 49% stake in a retail portfolio in New York for $172.3 million. [4] In 2013, the company acquired a 100% interest in a mall in Pittsburgh. [5] The company also sold a Sheraton hotel in Station Square in Pittsburgh for $61 ...