Who owns Philadelphia Marriott Downtown Joint Venture

Philadelphia Marriott Downtown Joint Venture - Profile

The Philadelphia Marriott Downtown Joint Venture is the vehicle that owns the Philadelphia Marriott Downtown, a 1,408 room convention hotel at 1201 Market Street in Philadelphia. It is the largest hotel in the city, linked by skywalk to the Pennsylvania Convention Center, and it carries roughly 93,000 square feet of meeting space across dozens of rooms, including a Grand Ballroom that seats several thousand. The venture was created in January 2014 when Host Hotels and Resorts sold a majority interest in the owning entity, at a gross entity value of 303.4 million dollars, to Clearview Hotel Capital and funds managed by Oaktree Capital Management while keeping a minority position. The property continues to trade under the Marriott brand, and its business turns on convention and group demand in Philadelphia rather than on transient leisure travel.

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• Host Hotels & Resorts, Inc., as of 31 Dec 2025. FY2025 10-K Investments in Affiliates table: 'Philadelphia Marriott Downtown JV' at 11% ownership, carrying value (Our Investment) NEGATIVE $9 million as of 31 Dec 2025, our portion of debt $23 million against total debt $213 million, $1 million distributions received in 2025. value_usd left null per project rule against reporting a negative carrying value as an economic value; the filed negative figure is preserved here. This is the smallest of the three partnerships the Q2 2026 10-Q groups together as VIEs with '11%-30%' LP interests. source