Mayor Catherine Pugh on Wednesday predicted the city-owned Hilton Baltimore will continue to post profits after a new audit showed the 10-year-old property’s first year in the black. An annual audit shows the Hilton earned $1.3 million in 2017, reversing years of financial losses for the 757-room hotel. Pugh had pushed to refinance the property’s debt, advice the City Council took last June when it issued $268.8 million in new bonds for the hotel. “One of the things I take very seriously is the…
from https://www.bizjournals.com/baltimore/news/2018/06/27/pugh-predicts-city-owned-hilton-baltimore-will.html?ana=RSS&s=article_search
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