Historic Restoration Inc. still plans to inject $2.2 million into downtown St. Louis’ Renaissance Hotel to prevent a debt default, but the plan has changed slightly. HRI’s Tom Leonhard told bondholders yesterday that a deal is still being negotiated and will not…

With the Renaissance Hotel’s next interest payment a week away, Historic Restoration Inc. of New Orleans is proposing to put up $2.2 million needed to make the payment.

UMB Bank, trustee for hotel bondholders, disclosed the HRI proposal today in…

A debt restructuring plan for St. Louis’ Renaissance Hotel may be 30 days away, Steven Stogel told bondholders in a conference call this week. (A summary of the call has been sent to bondholders and should be posted on the Web soon.)…

The  Renaissance Hotel complex in downtown St. Louis made a $3.5 million interest payment last week, but not without another injection of cash from its owner. Equity investors, led by Kimberly-Clark, chipped in $829,402.80 toward the payment, and $32,801.70 was drawn…

The Renaissance Hotels in downtown St. Louis reached a milestone last week in their financial turnaround: For the first time, they managed to make an interest payment without dipping into reserves or borrowing money from their owners.

A notice to…

St. Louis’ Renaissance Hotel complex is coming closer to generating enough cash to meet its semiannual interest payments, according to a bondholder notice posted today. The convention hotels have nearly exhausted their debt-service reserve, and their owners have had to chip…

St. Louis’ Renaissance convention-hotel complex recently posted its audited financial statement for 2006, and it shows a profit of $6.3 million. That’s an 85 percent improvement over the previous year’s $3.4 million in profit, and an even bigger improvement over net…

The owners of the Renaissance Hotel complex in downtown St. Louis said Monday that they will lend the hotel enough money to make an interest payment next month.

The poayment of $3.5 million is due Dec. 15. The hotels are about…