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Council likely to lose money on sale of unfinished Hilton hotel
['Joe Griffin', 'Local Democracy Reporter', 'Image', 'Local Democracy Reporting Service']
Cambridgeshire Live - Home
More infoThe leader of Peterborough's Conservative group has insisted that putting the unfinished Hilton Garden Inn hotel site on the market is the wrong thing to do.
Labour cabinet member for finance Cllr Mohammed Jamil could not confirm the sum that the council was looking for.
Cllr Jamil admitted that the hotel loan "did seem like a good idea at the time" but claimed he would not have done it.
While the council does not own the Hilton Garden Inn building, it is the primary secured creditor.
Cllr Jamil told cabinet members: "I don't think I would recommend that we ever get involved in such a project again.