A group of Florida investors led by Miami condo developer Jorge Perez of The Related Group is in the final stages of negotiating the purchase of a troubled Hilton Hotel in downtown Pittsburgh, a deal signaling a new direction for the embattled developer.
The seller of the 50 year-old Hilton is Shubh Hotels, a private real estate investment and asset management firm in Boca Raton that bought the facility for $28 million in 2006.
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