CAMPUS APARTMENTS TO DEVELOP NEW HOTEL

PHILADELPHIA — Local student housing developer Campus Apartments has broken ground for the construction of a new hotel in Philadelphia's University City submarket. The new Homewood Suites by Hilton will be located at 4109 Wanut St., within close proximity to the University of Pennsylvania and Children's Hospital of Philadelphia. It will contain 136 extended-stay suites that will feature full kitchens, dining tables and separate work areas with phone and Internet access. The $50 million project will also feature a fitness center, an indoor pool, a convenience store, and dining and meeting spaces. It will seek LEED certification. Completion is slated for spring 2012. Alesker & Dundon Architects is designing the project, and L.F. Driscoll Co. will serve as general contractor.