The hotel was converted to house 412 apartments and 120,000 square feet (11,000 m²) of office space.
It reopened in 1986 as the Benjamin Franklin House - affectionately referred to as "The Ben" by many Philadelphians.

During the renovation, the historic grand ballroom of the hotel was converted into office space.
This resulted in objections by the National Park Service, so the ballroom was restored in 1988 to qualify for federal tax credits.
One of Philadelphia's largest ballrooms, it is now managed by Finley Catering and used for banquet/weddings, marketed as Ballroom at the Ben.

The building was purchased by Korman Communities in 2011.
They invested $13 million in renovations and renamed it "The Franklin Residences" in 2014.
The Franklin Residences specializes in studio, one, and two bedroom luxury apartments, as well as fully furnished suites with flexible leases for individuals needing comfortable and spacious temporary accommodations.

The finale of the Oscar-winning 2012 film Silver Linings Playbook was filmed in the building's ballroom and its lobby.
The hotel was converted to house 412 apartments and 120,000 square feet (11,000 m²) of office space. It reopened in 1986 as the Benjamin Franklin House - affectionately referred to as "The Ben" by many Philadelphians. 
During the renovation, the historic grand ballroom of the hotel was converted into office space. This resulted in objections by the National Park Service, so the ballroom was restored in 1988 to qualify for federal tax credits. One of Philadelphia's largest ballrooms, it is now managed by Finley Catering and used for banquet/weddings, marketed as Ballroom at the Ben.
The building was purchased by Korman Communities in 2011. They invested $13 million in renovations and renamed it "The Franklin Residences" in 2014. The Franklin Residences specializes in studio, one, and two bedroom luxury apartments, as well as fully furnished suites with flexible leases for individuals needing comfortable and spacious temporary accommodations.
The finale of the Oscar-winning 2012 film Silver Linings Playbook was filmed in the building's ballroom and its lobby.
The Franklin Residences