Ensemble Hotel Partners, LLC, has broken ground on a new $34 million, five-story Courtyard by Marriott hotel in Philiadelphia, the first hotel to be constructed at The Navy Yard.
The new development is expected to be home to more than 120 companies and 10,000 employees by the end of 2012.
The 172-room Courtyard by Marriott expected to open next year is designed by Erdy McHenry Architects of Philadelphia. INTECH Construction, also of Philadelphia, is the design-build contractor of the 99,000-square-foot hotel on 2.4 acres.
"This new hotel is a great addition to the growing and dynamic business campus being built at The Navy Yard,” said Philadelphia Mayor Michael A. Nutter. "With almost 10,000 employees working at The Navy Yard, this new development will serve the demand of the companies and people located there and will provide a boost for our local economy."
The hotel project was announced last year by Liberty Property/Synterra L.P., a joint-venture between Liberty Property Trust and Synterra Partners, and the Philadelphia Industrial Development Corporation (PIDC). Ensemble Hotel Partners, LLC was selected to develop the hotel, which is one of nine projects currently under development at The Navy Yard Corporate Center.
www.omegare.com
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