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Archive for the ‘Baltimore’ Category

Baltimore Hilton is off to a promising start

Monday, June 27th, 2011
Hilton Baltimore

The city-owned Hilton Baltimore is far from a thrilling piece of architecture. Its massive bulk blocks the view of the eye-pleasing Bromo Seltzer Tower for fans sitting in Camden Yards. But as a convention hotel designed to boost the tourism trade and offer jobs to local residents, it is off to a promising, if slow-footed, start.

That is the financial takeaway from a recent audit of the hotel prepared for the city's Board of Estimates. Now in its third year of operation, the 757-room hotel is taking in enough revenue to pay its bills and its 454 employees and to service its bonds. Its occupancy rate for 2010, 62 percent, and its revenue per average room, a little over $125 in April, are slightly above those for other Baltimore hotels. Both those measures are climbing.

The picture, like the perspective from the baseball stadium, is not perfect. After figuring … Read the rest

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