From The Baltimore Sun:
Baltimore Four Seasons Hotel Project Moving Ahead
Baltimore's $197 million Four Seasons Hotel is on target to open by late 2011 with partial financing from the proceeds of $45 million in tax-exempt bonds issued by the Maryland Industrial Development Financing Authority. Representatives for the state and the hotel developers said that PNC Bank is purchasing the state-issued bonds and that the proceeds will be loaned to the developer so that it can complete the 18-story, 256-room luxury hotel in Harbor East. Affiliates of John Paterakis' H&S Properties Development Corp. are the developers. Click here for the full story.