Posts Tagged ‘Mountian View Inn’

Follow-up on Mountain View cites cash flow

January 26, 2009

An article in Sunday’s Pittsburgh Post-Gazette reported that the Mountain View Inn near Greensburg, Pa., had not gotten the loan it needed and was closing.

“First Commonwealth Bank on Friday refused to renew a revolving line of credit the innkeepers said they needed to see the hotel through the four slowest months for the hospitality industry,” according to the article.

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Despite 60 weddings booked this year (a 50% increase), the owners of the Lincoln Highway landmark said they needed the funds to “see the hotel through the four slowest months for the hospitality industry.” They also cited competition from numerous national hotel chains that have opened nearby. In recent decades, the Boohers invested $4 million in building two new wings, doubling the inn’s capacity to 90 rooms.

Famous guests included Harrison Ford, the Dalai Lama, Fred Rogers, Arnold Palmer, Bernadette Peters, John F. Kennedy, Richard Nixon, Ronald Reagan, and Guy Lombardo.