Tuesday, September 28, 2010

Mortgage Holder on former Pitsbugh Hilton challenges conversion to Wyndham

The company that holds the mortgage on the former Hilton in downtown Pittsburgh is challenging a bid to turn the hotel into a Wyndham Grand.

According to our news partners at the Pittsburgh Post-Gazette, Blackrock Financial Management filed a petition in bankruptcy court on Monday.

They claim a luxury Wyndham Grand is not a qualified franchisor under the loan agreement.
 
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