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PHILADELPHIA — HEI Hotels & Resorts has acquired Le Méridien, a 202-room hotel located in the Center City district of Philadelphia. The 10-story hotel, located at 1421 Arch St., was developed by Memphis, Tenn.-based Development Services Group as an adaptive reuse of the former YMCA building. The hotel features 5,330 square feet of meeting space, a bar, a gourmet restaurant and a fitness center. HEI plans to operate the hotel as well once it opens in May.