Pittsburgh: Pandemic-battered Downtown Wyndham Grand Hotel could be sold

[FakeNoose]

(link) https://www.post-gazette.com/business/development/2021/01/27/Wyndham-Grand-Pittsburgh-Kiran-Patel-Hilton-Hotel-COVID-19/stories/202101270087

A decade ago, a Tampa cardiologist survived a bruising bankruptcy court battle to take ownership of the former Hilton Hotel, a Downtown landmark now known as the Wyndham Grand Pittsburgh.

Now, Kiran C. Patel, doctor turned businessman, is considering the sale of the property he fought so hard to secure as he fights another brutal battle — this one with the COVID-19 pandemic. With hotel occupancy at 20% or less and losses “piling up,” Dr. Patel said in an interview he is entertaining all possibilities.

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There has been speculation that the hotel is being sold to a company with an interest in converting part of it into apartments. While Dr. Patel said that “there is no serious offer on the table that I know of,” he didn’t entirely dismiss that idea.

“My simple answer to your question is in challenging times, one has to explore options. I can sit and cry every day or I can look at all of the options available.”

There’s no doubt that the pandemic has been devastating to hotels, prompting layoffs as well as closings, at least on a temporary basis. Some have yet to reopen. Downtown, three hotels are still closed — the Omni William Penn, Marriott City Center and the Distrikt, which reopened and then closed again.

- More at link -

Wow these hotels are not doing well, and the pandemic is affecting all downtown business and retail. Surely the city and Allegheny County can do something to help?

[bamagal62]

1. I wish it would make some of these owners or

Buyers take the time to renovate these hotels while they are empty. Most of the hotels in Pittsburgh are crap.