Well, the hubbub is true. The Latham Hotel, which is listed on the National Register of Historic Places, will be closing its doors Monday, November 9. James Pearlstein of Pearlstein Properties tells Property that the hotel will be converted into 144 apartments, and that there are no retail plans in the works. However, Philly.com reports that a separate permit application states that the first floor will accommodate a restaurant and financial services, and shopping will be on the second floor. The conversion is a circle-of-life moment for the Latham. It was built in 1907 and originally served as a 14-story apartment building. It wasn't until 1970 that the Latham was converted into a hotel. In 2011 it underwent major interior renovations in order to stay competitive with its nearby rivals, the Palomar and Sofitel hotels.
· Closing: The Latham: One of the most historic hotels in Philadelphia [PhillyChitChat]
· The Latham to Close; Apartments Planned [Property]
· Permits filed aiming to transform Latham Hotel into 144 residential units [Philly.com]
· Major makeover for The Latham Hotel [Philly.com]