Trustees: Buying the Sheraton and Other Actions

The Trustees Executive Committee approved Friday a motion to authorize the borrowing of up to $15 million from CoreStates Bank for the purchase of the property at 36th and Chestnut Streets where the Sheraton University City stands. Penn has entered into an agreement to purchase the hotel.

In other actions, the Executive Board:


Volume 43 Number 4
September 17, 1996

Return to Almanac's homepage.

Return to index for this issue.