Hilton Hartford seeking city’s help for multimillion-dollar renovation

The city council on Monday is scheduled to vote on a resolution that would authorize Mayor Luke Bronin to amend the Hilton Hartford’s existing ground lease for three parcels at 315 Trumbull St. so the city could seek a $4.7 million loan from the U.S. Department of Housing and Urban Development (HUD) on behalf of hotel owners, The Waterford Group. The Waterford Group, which also owns Hartford Marriott Downtown, says a renegotiated ground lease and subsequent federal loan would be used to upgrade its 393 guest rooms and suites, city records show. The renovations, it says, are required by the Hilton brand and its licensing agreement.

https://www.hartfordbusiness.com/article/hilton-hartford-seeking-citys-help-for-multimillion-dollar-renovation

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