The Hilton Austin is owned by the City of Austin. Or, technically, by a separate entity created by the city. The city appoints the company’s board, and can amend its bylaws. But because it is a ‘private’ entity owned by the city, it is able to apply for a federal Paycheck Protection Loan to cover payroll costs it is going to be incurring anyway. Cities themselves cannot apply for these forgivable loans.
When applying for the PPP loan was discussed at the City Council meeting, other dirty laundry about the Austin Hilton got aired.