The William Penn Hotel, built in 1925 and last used by the Cenikor Foundation, was demolished in late January/early
February 2006 by Spire Realty, who claimed it was an "obsolete" building:
"That
evaluation showed that the hotel's low ceilings and small spaces made it difficult to market, said Brady Wilkins, senior
vice president of Spire. Once Spire decided not to renovate the building, Wilkins said, the company chose to demolish
it - in part to save the cost of paying liability insurance on it."
