City-owned Hilton Baltimore stays in the black as profit narrows


The city-owned Hilton Baltimore turned a profit for the second year in a row in 2018, despite an occupancy rate that fell by nearly six percentage points compared with the year before.

The property earned $571,144 in 2018, according to a recent audit from CliftonLarsonAllen LLP. That brings the hotel's deficit down to $82.6 million as it approaches its 11th year in operation.

The 757-key hotel opened in August 2008 and was paid for by $300 million in tax-exempt municipal bonds. In 2017, former…

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