A new hotel will be constructed at the corner of 33rd and Chestnut streets in University City.
Hospitality 3 of New York entered in a long-term lease on the site with Drexel University and will construct a 212-room Study Hotel on the property.
The building will total 145,000 square feet and include a 105-seat restaurant, fitness center and 7,000 square feet of meeting space.
Digsau, a Philadelphia architectural firm, designed the structure.
“A hotel that meets the needs of an academic community is the natural next step in University City’s evolution, and the Study Hotels concept is a great fit,” said John A. Fry, president of Drexel University in a statement.