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Kimpton to Buy Lafayette Building

Peter Kelsen was quoted in a Philadelphia Business Journal article on a new Kimpton Hotel location in Philadelphia.

According to the article, Kimpton Hotels has put the Lafayette Building on Independence Mall under agreement and could spend more than $70 million to convert the property into a 270-room hotel.

The proposed location would be the only hotel with an unobstructed view of Independence Hall and sits among the features of Independence National Historic Park.

Mr. Kelsen said "it's critical in terms of location.  At night that area goes very quiet and this will introduce life and activity in a way that will benefit from it. I think it's a great complement to the area."

"Kimpton to Buy Lafayette Building" appeared in the September 3, 2010 issue of the Philadelphia Business Journal.  To read the full article, please click here.