Philly company selected to manage renovated Yorktowne
When the Yorktowne Hotel reopens in late 2018 or early 2019, a Philadelphia-based hospitality and hotel management company will be running the show.
The York County Industrial Development Authority selected GF Management to manage the hotel following renovations, according to Alicia Miller, a spokeswoman for the project.
Miller said the authority, which purchased the hotel in late 2015, reviewed 10 to 12 other firms to manage the Yorktowne before narrowing the field to two choices and announcing its selection during a board meeting Tuesday.
Board chairman Jack Kay said GF Management was chosen because it has experience managing this type of property and a knowledge of the York County market.
The company currently manages the Four Points by Sheraton hotel in Manchester Township. Hersha Hospitality managed the Yorktowne before its temporary closure beginning last November.
Miller said the plan is to reopen the Yorktowne in phases beginning in late 2018 and concluding during the first quarter of 2019. The first phase may include opening a restaurant or retail space, she added.
The hotel, which first opened in 1925, is undergoing a $20 million renovation project to create a "mixed-use commercial" property, with an emphasis on creating a first-class downtown hotel.
About half of the project is being funded through a state Redevelopment Assistance Capital Program (RACP) grant.
The authority announced in April that Kinsley Construction would serve as construction manager for the renovations.