Philadelphia City Center Hotel & Branded Residences Development
January 12, 2022
The Carlton Group is exclusively engaged with a Philadelphia based Sponsor to arrange up to $41 Million of JV Equity for a fully entitled luxury lifestyle branded mixed-use development in the City Center corridor of Philadelphia.
- Projected returns over a 4 year hold are a 26% IRR and a 2.5x equity multiple.
- Located in the most optimal location to maximize success of both hospitality and sale of branded residences.
- The Project will be a mixed-use lifestyle development that integrates a 5-star luxury international hotel brand, a world-class SPA, lifestyle dining facilities as well as hotel branded and serviced residences for sale.
- Sponsor has over 25+ years of experience in real estate development. Sponsor is currently developing a condominium project adjacent to this one.