Inn on Locust becoming boutique hotel

Monday, May 5, 2008

The Inn on Locust, which helped redefine a seedy section of Locust Street in Philadelphia, is set to return to its roots as a boutique hotel after the owner toyed with the idea of converting it into condominiums. AFC Realty Capital Inc. of New York bought the four-story, 20,000-square-foot property at 1234 Locust St. in 2005 out of a bankruptcy and planned to spend about $10 million converting it into 15 condos.