The owner of the Hilton Pittsburgh is looking to bring in another investor to help pay off hundreds of thousands in debts and get the Downtown hotel's $25 million renovation rolling again.
After meeting with Mayor Luke Ravenstahl this afternoon, Atul Bisaria, CEO of Shubh Hotels LLC, the Hilton owner, said the firm was "actively negotiating" to bring another investment group in to raise capital to settle debts with contractors and suppliers and to complete a stalled exterior addition at the hotel's entrance.
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http://www.post-gazette.com/pg/09210/987197-100.stm
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