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Davidson Hotels Acquires Sheraton Philadelphia University City

PHILADELPHIA

The Sheraton Philadelphia University City Hotel is now part of the Davidson Hotels & Resorts collection. The property is situated within walking distance of Penn's campus and its medical complex as well as the Children's Hospital of Philadelphia.

The property features 332 guest rooms and suites, a newly renovated lobby and venue space with over 10,500 square feet of meeting and event rooms, a fitness center and an outdoor seasonal pool. Adjacent to the pool is The Club Lounge, a concierge lounge on the 20th floor with skyline views of the University of Pennsylvania. The hotel also features banquet and catering services and the Sang Kee Noodle House, a Philadelphia favorite with two other popular locations in the city, also provides a convenient dining venue for guests.

"Davidson is honored to manage a property owned by an institution as esteemed as Penn," said Steve Margol, chief investment officer of Davidson Hotels & Resorts. "We were selected by the University because of our unrivaled experience managing properties on or near renowned university campuses throughout the country; our innovative approach to developing, renovating, and repositioning hotels; and our proven success of delivering outstanding performance."