Latest News 2010 October Pittsburgh Hilton Owners File for Bankruptcy

Pittsburgh Hilton Owners File for Bankruptcy

The owner of the Hilton Pittsburgh has filed for bankruptcy and will be blocking its lender from foreclosing on the hotel for now. Shubh Hotels Pittsburgh has filed for Chapter 11 bankruptcy protection which estimates that it liabilities are at about $50 million to $100 million. The bankruptcy filing will also stop a move to appoint a receiver to oversee the operations at the hotel.

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