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S. Bankruptcy Court in Pittsburgh on Friday approved a request from Shubh Hotels Pittsburgh LLC. to obtain up to $1.35 million in financing for its Wyndham Grand Pittsburgh Downtown hotel, the former Hilton Hotel. Carbon Capital II Real Estate CDO 2005-1, a Delaware-registered investment company, and BlackRock Financial Management Inc., will provide the financing. Pittsburgh attorney David Rudov, representing Shubh Hotels, said the money will be used to begin the long-delayed construction project on the hotel.
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