Wilmington, DE — The Buccini/Pollin Group (BPG), a privately-held, full-service real estate acquisition, development and management company co-headquartered in Wilmington, DE and Washington, DC, has announced the commencement of two new hotel development projects on Wilmington’s booming Riverfront. BPG has received franchise approval this week for a 100-room Homewood Suites by Hilton, and is currently in the review process for a 200-room Marriott Hotel. Both hotels will be located on the Riverfront and are expected to serve the increasing visitation expected in coming years from business travelers, conference attendees, and the multiple entertainment and special events held in the area.
The announcement comes on the heels of BPG’s recent acquisition of the former Omni Hotel in City Center Philadelphia – now known as the Franklin Hotel by Marriott; the Crowne Plaza and Fairfield Inn by Marriott Hotels in King of Prussia, PA; and the awarding of management rights to BPG’s hotel management affiliate, PM Hotel Group, for the Embassy Suites Valley Forge, PA and the DoubleTree by Hilton in Reading PA. BPG is also the developer, owner and operator of the recently constructed, 180-room Westin Hotel Wilmington, adjacent to the Chase Center on the Riverfront.
Both hotels will be constructed by BPGS Construction and operated by PM Hotel Group, Inc. “We are very proud of the dynamic growth occurring in Wilmington,” said PM Hotel Group chairman and BPG co-founder Dave Pollin, “and believe that these hotels will be a catalyst for the Riverfront to become one of the premier destination and meeting places on the Eastern Seaboard. Importantly, we will create up to 200 more jobs for the residents of Wilmington and generate millions of tax dollars for the community.”
BPG is currently working with land planners to identify the optimal site layout and complete the land planning process. They will then move full-speed into the design and approvals process in collaboration with the City of Wilmington, the Riverfront Development Corporation of Delaware and numerous other public agencies. “The Riverfront is in yet another expansion phase and we want to make sure that hotel capacity is part of that growth,” said Robert Buccini, co-founder of The Buccini/Pollin Group.
There are several projects currently in the works in this phase of Wilmington Riverfront’s growth, including the recently approved $30 million bridge connecting the district to US Route 13, easing congestion and improving access for visitors. The seasonal and highly successful Horizon Riverfront Rink and the recently added Riverwalk Mini Golf join already established destinations like Frawley Stadium, the 15-screen Penn Cinema IMAX Theater, the Delaware Children’s Museum, and Stratosphere Trampoline Park in bringing families to the Riverfront for recreation and entertainment.
Residential growth on the riverfront also continues with the 2015 opening of The Residences at Harlan Flats, a 116-unit, upscale, apartment community. Phase II of Harlan Flats is now under construction, adding another 76 units to the community.