By Hadas Kuznits

PHILADELPHIA (CBS) – The Divine Lorraine Hotel in North Philadelphia is under contract with a new owner, and major renovations are set to begin.

So what’s the update with the building? And how does it look inside?

Developer Eric Blumenfeld says the magnificent lobby of the Divine Lorraine Hotel will be a reception area incorporating seating from the restaurants he expects to incorporate on both sides:

“The idea is that there’s no defined boundaries here. That everything kind of melts together.”

PHOTOS: Divine Lorraine Hotel Renovations

Underneath, where one of the restaurants is going to be, there used to be a speakeasy with a secret entrance

“I think we’re gonna reactivate it,” explains Blumenfeld. “So there was a secret entrance that is now covered over on Broad Street that takes you right down into the lower level.”

Hear the full interview in this CBS Philly podcast (runs 12:11)…