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Penn Square Partners includes general partner Penn Square General Corporation, an affiliate of The High Companies, and limited partner Penn Square Ltd. LLC, an affiliate of Lancaster Newspapers, Inc. Penn Square Partners was formed in February 1998 and included Fulton Bank until March of 2007. This alliance has been actively involved in furthering public discussion and consensus on the revitalization of downtown. In March 2007, limited partner Fulton Bank withdrew from Penn Square Partners in order to play a larger role in the project by purchasing $14.5 million in construction bonds. Penn Square Partner's mission is to create a meaningful and sustainable development that will redeploy the historic Watt & Shand Building and enhance the surrounding quadrant around Penn Square within the context of the overall revitalization efforts of its community. Penn Square Partners' goal is to open the doors once again of a beloved building that is considered "the heart and soul" of Lancaster. Having forged a strong public/private partnership with the Lancaster County Convention Center Authority, Penn Square Partners is pursuing the redevelopment of this magnificent, historically significant structure into a privately-owned, upscale, full-service Marriott Hotels Resorts and Suites Property in conjunction with an adjacent publicly owned convention center with 80,000 square feet of exhibit, ballroom and conference facilities. Penn Square Partners is proud to play a significant role in Lancaster's revitalization effort. Visit our great All-American City and discover all that it has to offer!