A pair of hotels, but not in direct competition

Los Angeles hospitality mogul Sam Nazarian plans a second Philadelphia hotel, a slightly less pricey sibling of the high-end SLS Lux he’s building with local developer Carl Dranoff.

The new $75 million proposal by Nazarian’s SBE Entertainment Group and Dranoff Properties calls for a 22-story tower with 76 boutique hotel rooms and 83 apartments at Broad and Pine Streets, about a block south of where the SLS will rise. Read the rest of the article here.