State awards $5M loan for construction of downtown hotel

Author: , Web Producer
Published: Jan 24 2012 07:00:00 PM EST   Updated On: Jan 25 2012 06:23:39 PM EST
State awards $5M loan for construction of downtown hotel
READING, Pa. -

The state is giving Reading a big boost for its efforts to build another hotel in center city.

The Greater Berks Development Fund has been awarded a $5 million loan for the construction of a Doubletree Hotel.

The hotel will be built directly across from the Sovereign Center on Penn Street.

Plans have been in the works for years, but construction has not yet started.