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Downtown Pittsburgh Hilton restructuring, not selling

Downtown Pittsburgh Hilton restructuring, not selling

02/03/2010 2:08:30 PM

By Mark Belko, Pittsburgh Post-Gazette

There will be no sale of the financially struggling Hilton Pittsburgh, Downtown, but there will be a restructuring.

"The Hilton will not be sold. The company will be restructured," said Jonathan Kamin, an attorney representing current owner Shubh Hotels Pittsburgh LLC and the restructured company.

Mr. Kamin said Tuesday that Florida-based Shubh, which bought the Hilton for $28 million in 2006, will be "maintaining some control" over the hotel, whose unfinished addition has become an eyesore at the entrance to Downtown.

Read the entire article about Pittsburgh's downtown Hilton here...

 

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