Pocono Mountains Industries, Inc. has been awarded a $400,000 loan on behalf of Bhavi Corp. to renovate the Penn Stroud Hotel in downtown Stroudsburg.The 15-year loan from the Pennsylvania Industrial Development Authority — at a 2.5 percent fixed rate for the first seven years — will supplement Bhavi’s $2.7 million renovation of the oldest operating hotel in the Poconos. The hotel at 7th and Main streets was built in the 1800sWork on the 88-room, [...]
Source Business - poconorecord.com http://ift.tt/1lwH2jo
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