History of Loews Philadelphia Hotel
An Icon Reimagined: From PSFS to Loews Philadelphia
Rising 33 stories above Center City Philadelphia, Loews Philadelphia Hotel occupies one of the city’s most celebrated landmarks—the historic Philadelphia Savings Fund Society (PSFS) Building. When the tower debuted in 1932, its sleek geometric form and innovative design reshaped the Philadelphia skyline and introduced a bold new vision for modern architecture in America.
Today, this architectural icon blends historic significance with contemporary hospitality, offering guests the opportunity to experience one of the most distinctive historic hotels in Philadelphia.
The PSFS Building: A Landmark of Modern Architecture
Commissioned by the Philadelphia Savings Fund Society, the first savings bank in the United States, the tower was designed by renowned architects George Howe and William Lescaze.
Completed during the Great Depression at a cost of $8 million, the building quickly became a defining example of International Style architecture. It also introduced several groundbreaking innovations, including central air-conditioning, which locals famously referred to as “weather in a box.”
The PSFS Building remains one of the most influential examples of early American modernism.
- In 1969, the Philadelphia chapter of the American Institute of Architects named it the most important building constructed in Philadelphia in the previous century.
- In 1976, it was added to the National Register of Historic Places.
From Historic Bank to Loews Philadelphia Hotel
After the bank closed in 1992, the landmark building entered a new era.
In 1997, Jonathan Tisch and Philadelphia Mayor Ed Rendell announced plans to transform the historic tower into a luxury hotel while preserving its architectural legacy. Renovations began in 1998, and in April 2000, Loews Philadelphia Hotel officially opened, bringing new life to the iconic structure.
Today, the hotel seamlessly blends history and modern comfort. The original banking hall has been thoughtfully restored as an impressive Philadelphia event space, and many of the building’s original design elements remain visible throughout the property.
The result is a distinctive guest experience where historic architecture and contemporary hospitality meet in the heart of downtown Philadelphia.
The Famous PSFS Sign
Crowning the tower is the iconic PSFS sign, one of the most recognizable features of the Philadelphia skyline.
Visible from as far as 20 miles away, the red neon letters were groundbreaking when first installed. The sign marked one of the earliest examples of advertising integrated directly into a building’s architecture.
During the Great Depression, the sign remained illuminated day and night as a symbol of financial stability and reassurance for the community. Nearly a century later, it continues to glow above Center City as one of Philadelphia’s most enduring landmarks.
The 33rd Floor: A New Chapter in the Building’s History
High above the city streets, the 33rd floor of Loews Philadelphia Hotel has long been associated with prestige and exclusivity.
Originally reserved for the highest levels of PSFS leadership, the top floor was once considered one of the most powerful business settings in the country. According to local lore, elevator operators would step off at the 32nd floor, allowing passengers to travel alone to the top level. As the doors closed, the operator would call out:
“You’re on your way, gentlemen!”
Today, this historic floor begins a new chapter.
A Newly Renovated Event Space Above the Philadelphia Skyline
Loews Philadelphia Hotel recently completed a renovation of the 33rd-floor meeting rooms and event spaces, further enhancing the guest experience at one of the city’s most distinctive venues.
The redesigned spaces feature sweeping Philadelphia skyline views, refined finishes, and a design palette inspired by the natural landscapes of Pennsylvania. Neutral tones are complemented by colors drawn from local forests, rivers, and mountains, creating a calm and contemporary atmosphere.
Custom carpeting incorporates organic patterns reminiscent of tree branches, flowing water, river stones, and delicate flower petals, subtly referencing the beauty of the region’s natural environment.
Highlights of the renovated 33rd floor include:
- Modern Philadelphia meeting rooms with skyline views
- Enhanced lighting and audiovisual technology
- Premium furnishings and upgraded guest amenities
- Refined interiors inspired by the building’s architectural heritage
- Elevated service and curated event experiences
Whether hosting executive meetings, corporate events, or special celebrations, guests can now enjoy a sophisticated setting high above the city.
Learn more about the meeting rooms and event space on the 33rd Floor.