State awards $5M loan for construction of downtown hotel

Posted: 7:00 PM EST Jan 24, 2012   Updated: 6:23 PM EST Jan 25, 2012
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.