Baltimore Development Corporation installed one of its EVPs in the coworking and startup incubation entity’s top position and hired consulting firm HR&A Advisors. What does this mean for ETC’s future?
The city-owned Baltimore Hilton Hotel has been burning through millions of dollars of reserve funds and transfers from the city to stay on top of its roughly $260 million of debt, according to recent disclosures to bondholders. The hotel lost more than $20 million in 2020 as the pandemic forced its closure.
Two downtown Baltimore hotels will close next month and be converted to housing by a new owner, according to a union that was negotiating Monday on behalf of hotel workers.