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The hotel's sale on June 4, 1956 from the Eppley Hotel Company to the Sheraton Corporation was part of the second largest hotel sale in United States history. [13] The hotel was renamed the Penn-Sheraton Hotel.
Sheraton’s ownership of the William Penn was short, too, as it transferred the business over to a local investment firm called Nomarl. Nomarl, in turn, then sold its interests to the Aluminum Company of America (ALOCA) in 1971.
The William Penn, an E-shaped hotel with three wings facing William Penn Place, rose to 23 stories, took two years to build, and cost $6 million. In 1929, the hotel expanded with a new wing...
Jan 30, 2016 · 1964: Sheraton, which has owned the hotel since 1956, announces plans to sell the hotel to developer and Pirates owner John Galbreath. Rumors fly that Galbreath will demolish the hotel to build...
- John Conti
Aug 23, 2016 · The William Penn lured presidents and entertainers to its deluxe suites and attracted Pittsburgh’s high society to the Georgian and Italian dining rooms flanking a main lobby lined in French walnut. Company meetings and society weddings were held on the 17th floor.
Oct 16, 2014 · In honor of those visits, a public house offering food and lodging was established at the site in 1714. In 1827, the property, then called the William Penn Hotel, was granted a tavern license.
They soon established a hotel chain throughout New England, [4] including 14 Sheraton Hotels franchises [5] in 1964. [6] In 1968, the Dunfeys acquired the near-bankrupt Parker House Hotel in Boston. [6] In 1971, the brothers sold Dunfey Hotels to the Hartford-based Aetna Life Insurance Company, which retained the brothers to manage the ...
