Saturday, November 13, 2010

Cash infusion to help keep Pittsburgh hotel afloat

The former Hilton Pittsburgh, struggling to make ends meet without a hotel flag, will get an infusion of cash to help it through the winter.
Lawyers for Shubh Hotels Pittsburgh LLC, owner of what is now called the Grand Pittsburgh Downtown, and lender BlackRock Financial Management Inc. reached agreement Friday on a $1.35 million loan to get the hotel through the next three weeks.

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