PHILADELPHIA--(BUSINESS WIRE)--Officials of The Buccini/Pollin Group, a privately held, full-service real estate acquisition, development and management company (BPG), today announced that it has acquired the 364-room Sheraton Society Hill Hotel in Philadelphia, Pa. PM Hotel Group, a leading, national hotel management company based in Washington, D.C., will manage the hotel.
“The Sheraton Society Hill is a remarkable asset in an unmatched location surrounded by numerous business and leisure demand generators, from the Liberty Bell and Independence Hall to Fortune 500 companies like Comcast and Aramark,” said Dave Pollin, co-founder, BPG. “We are in the advanced planning stages of a complete makeover of the hotel to upgrade the guest experience. In addition to improving both guest rooms and public spaces, we intend to change brand affiliations to better match and serve the surrounding community.”
Nestled in the Old City district of Philadelphia at One Dock Street, the hotel is in the midst of some of the nation’s most renowned historical attractions, including The National Constitution Center and Penn’s Landing. Guests are invited to relax in the hotel’s indoor, heated swimming pool, break a sweat in the Sheraton Fitness room or get some extra work done in The Link@Sheraton, a full-service, 24/7 business center. The hotel also provides 20,000 square feet of versatile meeting and event space, including the 7,800 square-foot Society Hill Ballroom capable of hosting up to 900 guests. Guests may indulge on contemporary dining with a dash of ambiance and a nod to the historical importance of the surroundings at Taste, the hotel’s on-site restaurant. The hotel’s exclusive Club Lounge offers a complimentary continental breakfast, evening hors d’oeuvres and a variety of beverage options.
“Hotel guests can take a short stroll down cobblestone streets to Philadelphia’s most renowned restaurants and cultural attractions, while also being just blocks from the city’s financial district and City Hall,” Pollin added. “With nearly 370 rooms, more than 20,000 sq. ft. of function space and a textbook blend of amenities, the Sheraton Society Hill is the perfect location for all downtown Philadelphia travel occasions. The Buccini/Pollin Group looks forward to unlocking significant value through branding, renovation and operational investments.”
About The Buccini/Pollin Group
The Buccini/Pollin Group, Inc. (Buccini/Pollin) is a privately held, integrated real estate acquisition, development and management company with offices in Washington D.C., Wilmington, Philadelphia, and Baltimore. Buccini/Pollin has developed and acquired hotel, office, residential, retail, and parking properties throughout the United States, valued in excess of $4.0 billion. Investments include over 40 hotels, six million square feet of office and retail space, 10 major residential communities and multiple entertainment venues, such as Talen Energy Stadium, home of the Philadelphia Union Major League Soccer team. The principals of Buccini/Pollin, along with PM Hotel Group (hotel operating company), BPG Real Estate Services (office property management and leasing), ResideBPG (residential property management and leasing), BPGS Construction (construction management), oversee all aspects of project acquisition, finance, development, construction, leasing, operations, and disposition for its portfolio properties. The Buccini/Pollin Group has over 3,500 employees in 12 states. For more information, please visit www.bpgroup.net.