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Four new hotels planned for Philadelphia after recession lull

Hotel development has bounced back in Philadelphia, with four new projects on the docket. The latest addition is Hotel Indigo, planned for the Bailey Building at 12th and Chestnut Streets.

If all are completed, the four hotels would add a combined 1,268 rooms to the city's inventory of 11,600 - enough to support the expanded Pennsylvania Convention Center, which officials say requires about 12,500 rooms.

In addition, a new hotel tax will kick in July 1, boosting the rate to 15.5 percent from 15.2 percent, or 50 cents per room night - additional revenue that will go toward marketing the city's tourism industry.

Original source: The Philadelphia Inquirer
Read the full story here.

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