Chestnut Hall, formerly known as Hotel Pennsylvania, is a 10-story building composed of 315 apartments as well as retail space in University City, Philadelphia. It is owned by Apartment Income REIT Corp., which is owned by funds managed by The Blackstone Group. It is primarily occupied by university students.
The property was designed by Clarence E. Wunder, and was built in 1922.[1]
The building served as the Hotel Pennsylvania. In the 1940s, it became known as the Hotel Philadelphian.[2]
It was sold to Sheraton Hotels in December 1946,[3] and was renamed the Penn-Sheraton Hotel. Sheraton sold the hotel to Hertfield Hotels in October 1953,[4] and they renamed the Penn-Sheraton very slightly,[5] changing it to the Penn Sherwood Hotel.[1] In 1962, the hotel rejoined Sheraton as a franchise, operating as the Sheraton Motor Inn until 1966. As of 2005, the property was managed by Aimco.[6] In June 2006, Aimco bought a majority stake of the property. In 2020, it was contributed to Apartment Income REIT Corp., which was acquired by funds managed by The Blackstone Group.
Gallery
Vintage Hotel Pennsylvania information card.
Vintage Hotel Pennsylvania advertisement.
A vintage safe deposit slip from the Hotel Pennsylvania in Philadelphia.
